Wednesday, April 15, 2009

Shareholder Proposals en Masse

Who are Kenneth Steiner, William Steiner, Chris Rossi, Nick Rossi, and Emil Rossi?

The Steiners are both in New York, and William is apparently a millionaire in some kind of business or other. Kenneth is a close relative of his?

The Rossis are all in California, and I haven't found anything that they do.

They have become of interest to me, because I find their names on shareholder proposals in practically every company in which I have to vote proxy shares. And they are all proposals which would make the companies less profitable, and cause LESS reason for responsible management, even though they say they are going to create MORE responsible management.

Who are these people who (1) have so much time on their hands that they can write thousands and thousands of shareholder proposals, and (2) seem so opposed to the profits of their fellow shareholders, and (3) weren't even on the radar before this year? My guess is that they are all lawyers who work for unions like the AFL-CIO or the mob or both. But I am suspicious that way.

Any ideas?

No comments: