Friday, June 02, 2006

What will the vote be next year

At least 30% of the Home Depot shareholders refused to vote for 10 of the 11 directors nominated. With most companies, it's less than 10% who withhold their votes. Will the company's behavior at this year's meeting push the number beyond 50% next year? If I were a stockholder, I would certainly not vote for any of these people who did not show up at this year's annual meeting.

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