Does the slate of board members that is up for election in 2022 have any chance of being endorsed by ISS/passive/big active/etc if Dana McGinnis remains on the board?
Would a board member on this year’s slate have a chance of re-election if he/she was vocal about (as vocal as board members can get) shareholder concerns?
Does not taking action now raise the probability of challengers in the coming election?
Is anyone going to take a stand for good governance? Or do the investors have to do all the work?
How is any of this good for the long term careers of management/board? Why does it all feel like a short term cash grab? Where is the leadership?
Perhaps things are happening behind the scenes but investors feel frustrated and abandoned. Is that what this team wants their legacy to be?