When companies know better than shareholders
When companies know better than shareholders
By LOREN STEFFY Houston Chronicle
Feb. 6, 2010, 12:18AM
http://www.chron.com/disp/story.mpl/business/steffy/6854111.html
Extract:
John Chevedden says he owns 50 shares of Houston-based Apache Corp. But when he tried to submit a shareholder proposal last month, the company not only rejected it but sued him in federal court.
High-dollar legal team
Apache's legal bullying is likely to prevail. The company has hired high-dollar attorneys, and the company has asked the judge to make Chevedden pay for them if it wins. Chevedden said he doesn't have the money to hire his own attorney, let alone pay Apache's.
By LOREN STEFFY Houston Chronicle
Feb. 6, 2010, 12:18AM
http://www.chron.com/disp/story.mpl/business/steffy/6854111.html
Extract:
John Chevedden says he owns 50 shares of Houston-based Apache Corp. But when he tried to submit a shareholder proposal last month, the company not only rejected it but sued him in federal court.
High-dollar legal team
Apache's legal bullying is likely to prevail. The company has hired high-dollar attorneys, and the company has asked the judge to make Chevedden pay for them if it wins. Chevedden said he doesn't have the money to hire his own attorney, let alone pay Apache's.
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