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May 15, 2006

All Business: Why do corporations hate annual meetings?

  • They use all sorts of tactics — running lengthy videos, limiting questions and simply making it hard to get in — to keep shareholders away from top execs.
  • By BRUCE MEYERSON
    AP Business Writer

    NEW YORK — It happens only once a year, and yet so many headstrong corporate CEO's can't seem to cope with being in a room with shareholders for a few hours at the annual meeting.

    And so every year, companies resort to all sorts of tactics: running lengthy videos, limiting questions, and simply making it harder to get there or even get in. All these measures, none illegal, help minimize the presumed imposition of forcing top executives to listen rather than talk — or maybe talk, but only to answer a lowly shareholder — for just one day.


     
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