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So if there is an assessment, he said, it must be apportioned among all shareholders whether or not a particular shareholder receives an exemption.
Instead, he said, the board may choose whom to pursue first, provided it is not acting improperly against a particular shareholder or shareholders.
So if a particular shareholder's abatement is, say, $500, the co-op imposes a $500 assessment, "canceling out" the abatements for all shareholders, thereby minimizing the need for maintenance increases.
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Elliott may also be right that "they would not countenance being unduly influenced by any particular shareholder".
"We believe our interests may be being overlooked in favour of one particular shareholder," wrote the RST.
"Now, obviously, we look back at that in a stark new light, which is the collapse of Enron and a whole series of victims, in particular shareholders, who lost their life savings," he said.
At the same time, Mr. Weinstein said, if particular shareholders believe the board has improperly curtailed their rights, those shareholders can take the board to court.
In particular, shareholders supported its award of controversial "golden hellos" to Mr Bolland and Laura Wade-Gery, its head of e-commerce, and the £8.1m goodbye payout to its former chairman Sir Stuart Rose for long-term rewards.
Unsurprisingly, golden parachutes have become a particular focus of shareholder ire in America this year.
Many of these discussions result in changes that do not require voting against a particular pay package or other shareholder proposal, Mr. Booraem said.
Red Sox nuts will download the latest instant replay, he says; a shareholder in a particular company, alerted that it was just cited on TV, will be able to call up the bite on his cell.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com