Jim says:

Could you two, sometime, talk about the purpose of companies having boards?

I get proxies and statements from the stocks I own once or twice a year, for board elections and them asking for more money for them or “some” of the company peons.

In all these statements, there is never ANY dissenting between the board members — no alternate opinion, no real reason to ask the shareholders ANYTHING other than “rubber stamp this”.

Please explain to me why boards are needed at all when they effectively do nothing and cost us, the shareholders, salaries for people who sit and rubberstamp anything the ceo or chairman want??

Of course if Horowitz never holds any stocks for any length of time I suppose he’d never care.