Archive for August 2009

An open Letter to the President from a Stockholder

Thursday, August 13th, 2009

Mr. President,
As a shareholder in our corporation for over 50 years I felt it incumbent upon me to write you concerning some irregularities in the way you are running the Company. When you were applying for the position which you now hold we, the shareholders of the corporation, were promised that you would bring about new openness and transparency in how the leadership operates our enterprise. You continued to promise this after we hired you for the job. It has come to my attention, however, that there are a large and growing number of shareholders in the corporation who believe that you have withheld information that may indicate that you have overstated your qualifications for this high-level job in the Company. It is this withholding of information I wish to address.

As you know, due to the unique nature of our Company all stockholders are equal in their importance to the Company, as noted in our Mission Statement which we have entitled “The Declaration of Independence”. Because of this it is important to address the concerns of even small groups of investors when they question leadership’s ability to run the Company. Because of our position in the marketplace it is paramount that our Company be perceived as one with integrity, yet you have allowed these questions to remain problematic for us, when it is apparent you could easily end the debate so we may move on to other matters that are pressing. This has caused us to become somewhat of a laughingstock to those companies we deal with on an international level. Our leadership in the world marketplace is being eroded by this foolishness.

Why, sir, do you continue to allow this to go on? Is it that you are waiting for these shareholders to make fools of themselves? This is not good leadership on your part. You were hired to run your office with integrity (more…)

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