Agreed. It's not neccesarily what most people want, it's what the people with the most power and money want, which is usually either more power or more money.
Tom C. >From: Bruce Dayton <[EMAIL PROTECTED]> >Reply-To: Pentax-Discuss Mail List <[email protected]> >To: Pentax-Discuss Mail List <[email protected]> >Subject: Re: Pentax Update - Shakeup in the Works (again) >Date: Tue, 24 Apr 2007 16:44:50 -0700 > >The plans that I have seen in the past (personal experience) is that >the major stockholders make out real well and whatever happens to the >company happens - part of business. Usually a few outside investors >and some/most of the board members stand to benefit quite a bit - >perhaps retire for life. It is the smaller players (employees, user >base, small investors) that suddenly have no company. It is not >pretty, but happens commonly. > >-- >Bruce > > >Tuesday, April 24, 2007, 1:00:49 PM, you wrote: > >FT> If a merger can't be avoided maybe is good that Urano is back, I >FT> suppose he had a plan before start pushing the deal, right? > >FT> On 4/24/07, Tom C <[EMAIL PROTECTED]> wrote: > >> Excerpts... > >> > >> TOKYO (Nikkei)--Pentax Corp.'s top shareholder, Sparx Group Co., plans > >> to back the appointment of directors to the camera manufacturer's > >> board who would support Hoya Corp.'s tender offer plans > >> > >> This could bode ill for Pentax President Takashi Watanuki and others >who > >> voted down a proposed merger with Hoya and are said to be against a >business > >> integration with the firm. Sparx aims to use its 23.98% stake in >Pentax to > >> nudge the company toward accepting a business integration with Hoya. > >> > >> With all eight Pentax directors facing re-election at an upcoming >general > >> shareholders meeting scheduled for June 22, Sparx plans to propose the > >> reappointment of former President Fumio Urano and former Executive Vice > >> President Katsuo Morio to the board. The pro-merger Urano and Morio >were > >> relieved of their duties as executives earlier this month. > >> > >> ... > >> > >> Sparx apparently believes that its proposed appointments will go >through > >> if it can win the support of overseas shareholders who are highly >conscious > >> of > >> measures aimed at improving Pentax's enterprise value. > >> > >> Sparx had supported Urano's efforts to pursue a merger with Hoya amid >the > >> belief that Pentax would not be able to survive on its own. > >> > >> ... > >> > >> Citing an internal rift at Pentax, Sparx will call for an overhaul of >the > >> camera manufacturer's leadership to prevent an erosion in the company's > >> share > >> price and other enterprise values. > >> > >> > >> Tom C. > >> > >> > >> > >> -- > >> PDML Pentax-Discuss Mail List > >> [email protected] > >> http://pdml.net/mailman/listinfo/pdml_pdml.net > >> > > > > >-- >PDML Pentax-Discuss Mail List >[email protected] >http://pdml.net/mailman/listinfo/pdml_pdml.net -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
