Interesting there have been no, zero, comments on the proposed merger. As a long-time holder and owner who believes management has been too kind to itself and not kind enough to stockholders, I plan to vote no. I don't think this management team can get the integration job done so as not to take us for a real ride - beyond the obvious dilution of the merger.
IS a safety valve. As I recall, ARCC might not have taken over ALD if stockholders had not denied ALD the ability to do this during the crash.
Voted your proxy yet? Get their attention...vote against all directors. What have they done for you lately? No dividend increase since 1999. Share repurchase program authorized in 2011 and expiring in July this year has purchased a measly 1.9 million shares out of ~80 million in 3 years and hasn't made a difference in your dividend. Huge cash increase last year, capex down, where is the money going? Not to shareholders! Sned them a message...vote no.
Ironic that the two days prior to BGS announcing this purchase I ate Bear Creek soups. Two different ones, found them both delicious! Was impressed.
Carl says it better than I do...
Leave out his current issues with eBay and who else could he be talking about?
Agreed. Look at how many increases mgmt has had since the last time (1999) shareholders got an increase....these #'s only thru 2007 - 2012
Total Comp %
Industry glamour should not determine the dividend, company financials should. A baby born the last time the dividend was raised could be in high school now. But mgmt and the board have had many raises in that time. Speak up owners! Next proxy, vote against all candidates...send a message!
Huge beat on 3Q EPs...sales up... highest EBITDA in history...Winchester has all-time record Q.....
How much of that will flow back to the owners of this company? Dividend has not been changed since 1999. Does board and mgmt care about shareholders? How many increases has mgmt had since 1999?
Voted your proxy yet? Read it?...if not go to page 37; Summary Compensation Table.
Look at the nice increases the top 3 NEO's received the last couple of years. When was the last time your compensation as a shareholder increased? (hint, guess 1999)
Then go to page 55 and look at the director's compensation. Is it time to vote against directors who keep rewarding management but ignore shareholders?
Dividend hasn't been increased since 1999. That's how many years? And how many management increases during that time? So why would they increase it now? Why not just give mgmt another increase?
I'm long, multi-year holder, but tired of the no-increase dividend. Vote against CEO as bd member to send a message. Vote no on pay plan.
As an owner of Olin have you exercised your right to vote your proxy yet? If you don't, management and the board can safely assume they can run this business for their pleasure and profit not yours.
I urge you to vote against proposal 2: Advisory vote to approve executive officer compensation. They have had raises a number of times since we owners have had raises, ie the dividend hasn't changed since 1999. Do the math, that's how many years without an increase in owners compensation?
Careful when you vote your proxy: Management Proposal #2-Advisory Resolution on Executive Compensation is worded carefully. You are not voting on whether to have an advisory vote, but voting on approval of the current compensation plan. I urge a vote Against.
Mgmt Proposal #3 is where we vote on how often to have an advisory vote; I urge Every Year.
To further focus their attention on compensation issues, vote against all members of the compensation committee (MDCC).
Opened the proxy for Apr 28 annual meet today. May have been here a while, I've been out of town.
#1-I urge all to vote- ie let the bd know we are out here & watching.
#2-I urge a 'no' vote on Rupp as member of the board. (To get their attention.)
#3- I urge a 'no' vote on Item 2, approval of executive compensation. (We shareholders have not had a raise in dividends since 1999. Why should we approve salary packages which have increased?)
#4- I urge a vote for 'one year' on Item 3, frequency of shareholder approval of executive compensation. (To keep their attention focused on the issue.)
Don't get me wrong. I have made $ on OLN - recently sold some trading shares at nice profit - but believe they, like almost all corps, have lost sight of shareholder interests. And if there's going to be change, it has to start with me and the companies I own - right?
Noticed recently that Doliver holds almost 2% of this fund. Has this been the case for a while, or is this new investment for them?
I noticed after looking for reasons for some recent spikes in volume.
So I guess there's little to no chance to get a discussion going on proposals before the shareholders at annual meeting 2 weeks away?
re Directors: I will vote against Immelt as director as a way to say I don't like CEO and Chairman wrapped up in 1.
Against: Cumulative voting, Special elections, Key Committees and Advisory compensation vote (like the idea, this proposal unclear).
In Favor: Independent Chmn, Pay disparity (only to send a message, this proposal is too cloudy to be effective and I don't think will pass).