Companies also were required to deliver a copy of their annual report to all participating employees and any other materials it distributed from time to time to shareholders.
Exxon strongly opposes the resolution and has tried to stem growing enthusiasm for it ahead of its annual meeting on May 28th by writing for a second time to shareholders urging them to vote no.Last year the resolution won 40% of the vote, up from 34% in 2006.
Delaware was, at that time, unreceptive to shareholder suits involving fiduciary duty claims.
Cisco, which is based in San Jose, Calif., said its "leadership position in the markets we serve is strong," making this the time to reward shareholders.
Pleading turmoil in the chip industry, Mitsubishi Electric, another big firm that has been upended by the global technology recession, has abandoned forecasting this year's profits altogether.Now, of course, is the time to persuade shareholders that a fix is in the works.
Time to put shareholders out of their misery?
Sumit Roy: Our mission is to deliver monthly dividends that grow over time to our shareholders.
"Our shareholders and board believe that it is now an appropriate time to broaden the shareholder base and list the company.
Thomas Thune Andersen, Dong's chairman, said it was the right time to find new shareholders for a company that reported a 35% increase in first quarter profits last month.
And so, five wrenching months after the deal was announced, it might be time to concede that shareholders have to take a chance on Fiorina and merging with Compaq, because the alternative is no better and probably worse.
