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Union Pacific
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Oltmand/Don/Gabe, <br /> <br />Agree with you 100%. Being an executive in the oil and gas consulting industry I have seen many managers of our client companies falling in love with themselves and actually believing their own BS. As Abe Lincoln so well said: If you repeat the same lie long enough people will believe it. <br /> <br />A comment on board of director makeup. The chairman usually packs the board with his cronies and yes men who go along with what he wants. I believe this is the case with UP. Yes, he will have board members from other companies or industries, but this is usualy a scratch my back and I will scratch yours. How many times is the chairman on the board of one of his cornies boards? True, the board is elected by the shareholders. However, name a time when the stockholders have not rubber stamped the slate put up by the Nominating Committee, AKA known as the Chairman. The same goes for resolutions submitted by shareholders. I can only think of one time when the board has endorsed a stockholder proposal. Many years ago a shareholder of Standard Oil of New Jersey, now called Exxon-Mobil, proposed a resulution that all shareholders buy Standard Oil products. There was no way the board could recommend a vote against this.
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