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Perhaps the reason it has happened again, says Underkoffler, is that he offers directors something just as important as his scientific expertise.
Although Mr. Ackman is right that shareholders should have more say in electing directors — something the Securities and Exchange Commission seems finally to be working on — directors should get the boot only when they are doing a poor job.
An independent board of directors, something the company previously claimed to have; compliance controls, which the company was already supposed to have; and employee trading restrictions, which Putnam should have had all along.
"We have made clear to the board that changes in the composition of the independent non-executive directors, something that has not happened since 2007, would benefit National Express by providing fresh impetus and thinking".
Also to be fair to Alibaba, the structure the company is proposing is not as harsh as a conventional dual-class stock, instead giving some power to shareholders to reject the election of directors, something that Facebook and others have not done.
Are UBS fund directors something better than rubber stamps?
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Is a volunteer military-base social director something like Julie on "The Love Boat"?
We did.' Oh, Joan was referring to another director, something she rarely did, at least not politely.
Worse, a list that calls for everything gives every director something to point to as they lobby for their own favorite.
Yet despite the excellence of the cast, despite the astuteness of the anonymous author and his anonymous director, something is wrong with the show: some essential is lacking.
Soderbergh, who has been involved with Hollywood for more than twenty years, has made his living as a director — something that many independents aren't doing, and making a living is another of his recurring subjects.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com