Tuesday, September 05, 2006

Shareholder meetings are the American equivalent of May Day parades in Red Square

(My Deal Book comment today.)

Time Warner is the General Electric of the media world. For shareholders of both it’s Groundhog Day everyday.

Icahn’s efforts buying Time Warner shares bring to mind Michael Douglas’ character Gordon Gekko in “Wall Street” saying at a shareholder meeting where he’s attempting a hostile takeover, “I’m a liberator of capital!”.

A big difference between the “Teldar” meeting where Gekko spoke and the ones I attend to make my pitch for saving the shareholers’ bacon is nowadays directors are nowhere to be seen. When they do bother to showup, they sit with their backs to the shareholders and don’t answer questions. Usually the CEO and the corporate secretary are the only participants.

American shareholder meetings are like showing up on May Day in Red Square to watch from a great distance a few top leaders a Kremlim balcony watching the parade pass.

Comment by MARK KLEIN, M.D. — September 5, 2006 @ 10:19 am

Great comment. Any time you quote Gordon Gekko and reference “Teldar” you must be right on the mark.

Comment by Eric Cole — September 5, 2006 @ 3:59 pm

Monday, September 04, 2006

Leadership is the ability to perceive reality earlier than most. Amazing I'd need to point out the very obvious as I do in this NY Times Deal Book story.


Saturday, September 02, 2006


Leaving in a few days to attend the Iowa Christian Alliance Convention in the Des Moines area accompanied by almost 30 supporters from around the country and in Iowa. Plan to spend several days there organizing my campaign team.

People not money is the key to getting voters out on a bitter January night in 2008 to caucus.

The Iowa Christian Alliance takes me seriously as a presidential contenber. www.iowachristian.com/candidatewatch.htm



Senator George Allen, Virginia http://vote-smart.org/bio.php?can_id=CNIP9093
Senator Sam Brownback, Kansas http://vote-smart.org/bio.php?can_id=CNIP7813
John Cox http://www.cox2008.com/
Senator Bill Frist, Tennessee http://vote-smart.org/bio.php?can_id=CNIP7879
Newt Gingrich, Georgia
Former Mayor Rudolph W. Giuliani, New York Governor Mike Huckabee, Arkansas Senator John McCain, Arizona http://vote-smart.org/bio.php?can_id=S0061103
Dr. Mark Klein http://klein4change.in2006.us/page.php Letter to Iowa Conservatives
Governor George Pataki, New York
Governor Mitt Romney, Massachusetts http://www.thecommonwealthpac.com/index.htm
Senator Chuck Hagel http://vote-smart.org/bio.php?can_id=BC031069
Senator Rick Santorum, Pennsylvania http://vote-smart.org/bio.php?can_id=S0061103

Friday, September 01, 2006

The young don't get it.

NY Times--Sep. 1, 20068:00 am

How Does Warren Buffett Get Married? Frugally, It Turns Out

Last Saturday, Mr. Buffett and his daughter went to Borsheim’s Fine Jewelry in Omaha, which is owned by his conglomerate, Berkshire Hathaway, to pick out a ring.

Did Mr. Buffett get the employee discount? “I’m sure he did,” Susie Buffett said…

A local judge performed the 15-minute ceremony [at his daughter’s house in Omaha]. Afterward, Mr. and Mrs. Buffett, ever thrifty, took them to dinner at Bonefish Grill, a casual seafood restaurant.
Today was one of the few times Deal Book didn't publish one of my comments.

The story yesterday about Buffett's remarriage reported his first wife left the family about 20 years ago to live in San Francisco. They never divorced. She died several years ago.

My guess is Buffett never got over losing his family in late middle age with teenage and early adult children to care for. The person left behind usually takes it very hard. No matter how much fame and fortune one has life is never the same again.

Posted a blog suggesting his very plain vanilla remarriage event reflected how deeply hurt he remains. Suspect the editors were too young to grasp my point.