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Since then, Mr. Wolf said, he has received stacks of letters from dissatisfied shareholders.
He advises any group of dissatisfied shareholders to take a strategic, businesslike approach to achieve objectives.
The only real recourse for dissatisfied shareholders is to sell their stock and invest in firms whose policies are more to their liking.
The decision was announced by Mr. Brill, who had failed, after weeks of negotiation, to reconcile his agenda -- supporting his struggling publication -- with the needs of Primedia, his publicly held partner, to appease dissatisfied shareholders by cutting costs.
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But dissatisfied institutional shareholders are pressing their view, calling board members and other shareholders to lobby for Mr. Case's removal.
"This will be a terrific change for a dissatisfied majority of shareholders," said Harvey J. Goldschmid, one of the two Democrats on the commission.
But Rick Sherlund, an analyst at Nomura Securities who was the first to report on ValueAct in a research report back in May, has said that ValueAct could have banded together with other shareholders dissatisfied with the performance of Microsoft's stock.
Politicians and small shareholders were dissatisfied.
Investors said HSBC was unlikely to suffer as big a rebellion but that the plan for Flint's pay could harden the opinions of shareholders already dissatisfied with the bank's performance.
While Creo's sales rose 10percentt during its last fiscal year to reach $636 million, a group of shareholders who are dissatisfied with its stock price have been trying to oust Amos Michelson, the chief executive; on Monday the dissident shareholders said they welcomed Kodak's bid.
Eager to take advantage of the companys depressed share price, PCCW Chairman Li and major shareholder Beijing-backed China Netcom are trying to sway minority shareholders who were dissatisfied with the previous offer, as well as the terms of the buyout bid.
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