White Card Has Questions Too

Investor Group Issues Questions To The Trustees Of Texas Pacific Land Trust

White card appears to have pulled no punches here.

If I had to pick two, these are the questions I find most relevant to the subject of the Trustees acting as proper stewards of the trust.

Why did you threaten us with blocking every proposal Mr. Oliver might bring as trustee if we didn’t settle with you?  How is such a statement consistent with your role as fiduciaries?

Why have you almost quit retiring shares? This has been a key component and tax efficient way to create shareholder value for over 130 years.