Re: [CANSLIM] Re: Retstatement of CANSLIM?

From: "Robert Gammon" <rgammon51@yahoo.com>
Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM?
Date: Wed, 26 Jun 2002 22:17:09 -0500 (CDT)

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Here, Here.  The only problem we really have is identifying sufficient people with 
similar strength of public ethics/morality to match that of Pres Carter and people 
who would be accepted by corporations/executives as members of the board.

Robert Gammon

On Wed, 26 Jun 2002 23:06:56 -0400, Tom Worley wrote:

>I look at a guy like Jimmy Carter, who was not a very effective Prez, but is
>to me a man of character. I have little doubt that there is no offer that
>could be made to him that would work if he was on a Board, and detected
>anything that smelled questionable to him. Don't know how many others there
>are that both have strong moral ethics, rich enough that they don't need
>stock options, and also have some understanding of business.
>
>----- Original Message -----
>From: <Spencer48@aol.com>
>To: <canslim@lists.xmission.com>
>Sent: Wednesday, June 26, 2002 10:50 PM
>Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM?
>
>
>Tom:
>
>     I'm not entirely sure what you mean by an independent director.  If
>this
>means a director who has no stake in the company's success or failure, I
>don't know that this is an idea that should be adopted.
>
>     It seems to me that a company whose directors own a certain percentage
>of the stock, would be more likely to have directors that care about that
>company's future.  An independent director (ie. someone who has no stake in
>the company's future), I see as nothing but a mouthpiece for whatever
>political agenda that particular director is driven by.
>
>jans
>
>
>In a message dated 6/26/2002 10:16:30 PM Eastern Daylight Time,
>stkguru@bellsouth.net writes:
>
><< I would like to see the SEC mandate that the Board of Directors consist
>of
> 51% independent directors in all cases. And for corps over certain market
> value, say $1 billion, require that independent Directors be over 67% and
>of
> those Directors include at least a minority of successful, but retired,
> businessmen or businesswomen (I nominate Katherine) that will be willing to
> speak out publicly if necessary when they are concerned about what they
>see.
>  >>
>
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