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Burgerwars

Proxy Voting - Contrarian Approach

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This time of year I get a bunch of annual reports in the mail for stocks I own. Voting on these things has all the excitement of elections in North Korea. It's a foregone conclusion what the results will be.

 

What I do is vote the opposite of what the board of directors recommends. If they say vote yes on something I vote no. If they say vote for I vote against. If they say vote against I vote for, and so on.

 

It's just the way I am. At least there will be a tiny bit more of votes against all the corporate hatemongers in the world.

Edited by Burgerwars

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I just did a couple more contrarian proxies. Most I vote by touchtone phone. A bit time consuming if there are two dozen board of directors nominees that I must vote against. ;)

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One stock I own are some shares of baby Berkshire Hathaway Class B. Some of the board of directors nominees are over 90 years old. Can they even stay awake when they meet? I votes against everybody, including Warren Buffett. It's time for some fresh faces.

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