Re: [CANSLIM] Re: Retstatement of CANSLIM?

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM?
Date: Wed, 26 Jun 2002 23:06:56 -0400

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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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