IP: Fwd: the Internet made it possible..

[Dave Farber <farber () cis upenn edu>]

> Date: Wed, 25 Oct 2000 00:06:07 -0700
> To: dave () farber net
> From: "Suzanne M. Johnson" <sjohnson () cncdsl com>
> Subject: the Internet made it possible..
>
>   A dissident who rallied support on an Internet message board has filed SEC
> documents that could lead to the ouster of five directors of Luby's
> Cafeterias, a struggling food-services company.
> FOR MORE INFORMATION, see:
> http://interactive.wsj.com/articles/HeardOnTheNet.htm
>
>
>                ................clip....................
>                    Traditionally, proxy fights have been organized by 
> big, institutional
>                    shareholders disgruntled with management. The time and 
> money involved in
>                    reaching enough shareholders to vote against 
> management usually ruled out
>                    such crusades.
>
>                    But the Internet is changing that, says James Heard, 
> chief executive of
>                    Proxy Monitor, a New York firm that recommends how 
> institutional
>                    shareholders should vote on corporate governance 
> issues. "Increasingly the
>                    Internet is being used as a tool of communication 
> among shareholders to
>                    pressure managements," he says.
>                ...............clip.......