Re: [CANSLIM] Re: Retstatement of CANSLIM?

From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM?
Date: Thu, 27 Jun 2002 20:56:05 -0400

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Jans:
Whether a person owns 60 million shares, as Ross Perot did in 1987 in GM, or
just one share as Mrs. Davis did in many of the annual meetings that she
attended, one should either take an active, ethical, inquisitive approach or
QUIT. The person's depth of involvement must not be a function of the
quantity of shares owned.

Mrs. Davis traveled from meeting to meeting starting with IBM in 1959, and
many embarrassed CEOs came out on the wrong end of discussions which were
detailed in the publication Highlights and  Lowlights.

My complaint is that several members of BOD of many companies use the
position for largess, and allow or promote corruption or passively sit in
the corner. Too often, the BOD members cower in meetings or act as
sycophants to the CEO. Very few fall into the group that are active,
inquisitive, pursue constructive criticism, or may even cause an errant CEO
to wet his pants.

- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, June 27, 2002 3:53 PM
Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM?

> Winston:
>
>      I believe Ross Perot was a substantial holder of GM stock at the
time.
> My point is:  Would he have been as determined at the Board Meetings if he
> hadn't had a stake in the company?  I'm not saying that he would have
> short-shrifted the stockholders by doing something dishonorable.  But I do
> believe, if he hadn't had a large stake in the company, he would have quit
> the Board.  He certainly didn't need the money or the burden of more
> responsibilities (nor, I believe, was he desirous of
corporate-aggravation).
>
> jans
>
>
> In a message dated 6/27/2002 9:16:39 AM Eastern Daylight Time,
> wlittle1@peoplepc.com writes:
>
> << When Ross Perot was a director of GM, he refused to participate in the
>  "excess and other skuldugery" of the GM HQ12th floor.
>  He even REFUSED the free cars and eating in the executive dining room. He
>  wrote a series "How I would Reform GM" and the incumbents were so
dismayed
>  that they asked him to leave the company. Their view was that he wanted
to
>  deprive them of their birthright!
>
>  My point is that even with the infrequent meetings and shows, if one is
>  alert, one can usually smell the stink in the place.
>  In a later note Tom mentions Jimmy Carter(JEC). Itoo view him (JEC) as an
>  honorable man, but he is too trusting of people. I wonder if he would
detect
>  the smell in many of the crooked houses around. >>
>
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