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<blockquote data-quote="HardRightEdge" data-source="post: 780930"><p>First, know that this rule is now temporarily suspended with the NFLPA weighing in:</p><p></p><p><a href="https://www.npr.org/2018/07/19/630635898/ap-miami-dolphins-players-who-protest-during-anthem-might-be-suspended" target="_blank">https://www.npr.org/2018/07/19/630635898/ap-miami-dolphins-players-who-protest-during-anthem-might-be-suspended</a></p><p> </p><p>Anyway, you vote for the Board of Directors to make your decisions for you like any other corporation in which you might own shares. The board hires senior management and delegates to them decision making authorities like any other corporation in which you might own shares. In other corporations, if you want to be an activist with interests contrary to those of the board or management, you'd have to acquire a sufficient number of shares (or join together with a group constituting significant shares) to get board candidates on the proxy ballot or to put a resolution on the annual proxy ballot for a shareholder vote.</p><p></p><p>Since the shares have no monetary value, ownership is highly fragmented. There are no large shareholders. I think I read somewhere that somebody has 1,000 shares but I couldn't say why or how. Maybe you could do a petition drive to get a resolution on the proxy ballot. You'd have to check the corporate charter, by-laws or any other pertinent corporate documents to determine the criteria for a ballot resolution.</p><p></p><p>To take one example, let's say you're a Walmart shareholder and are deeply offended that they stopped selling semi-automatic rifles and will not sell guns or ammo to anybody under 21. What is your recourse?</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 780930"] First, know that this rule is now temporarily suspended with the NFLPA weighing in: [URL]https://www.npr.org/2018/07/19/630635898/ap-miami-dolphins-players-who-protest-during-anthem-might-be-suspended[/URL] Anyway, you vote for the Board of Directors to make your decisions for you like any other corporation in which you might own shares. The board hires senior management and delegates to them decision making authorities like any other corporation in which you might own shares. In other corporations, if you want to be an activist with interests contrary to those of the board or management, you'd have to acquire a sufficient number of shares (or join together with a group constituting significant shares) to get board candidates on the proxy ballot or to put a resolution on the annual proxy ballot for a shareholder vote. Since the shares have no monetary value, ownership is highly fragmented. There are no large shareholders. I think I read somewhere that somebody has 1,000 shares but I couldn't say why or how. Maybe you could do a petition drive to get a resolution on the proxy ballot. You'd have to check the corporate charter, by-laws or any other pertinent corporate documents to determine the criteria for a ballot resolution. To take one example, let's say you're a Walmart shareholder and are deeply offended that they stopped selling semi-automatic rifles and will not sell guns or ammo to anybody under 21. What is your recourse? [/QUOTE]
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