RE:RE:Less than 50% of total shares outstanding voted "yes"Silver
In theory that is how things work in practice not really. You see shareholders do not really vote for the board and as such the management and the board does not really work for the shareholders! So let me explain, management and the board put for a slate for the board shareholder can vote yay nay or abstain for the slate put forth by management so you are not really selecting the board the board and management is selecting the board. This has always been problematic as management and the board is not working for the shareholders. That said, there is a way around this but it is complicated and can get expensive. If you are a large shareholder you can try to put forward an alternative slate but it is not so easy so not done that often.
As for the 50% thing that is pretty typical. The average for all votes all companies is in that 50% area. Generally speaking there are alot of uninterested shareholders. If you think about it if some owns over 30% of the company they have effective control based on normal voting.
As for good ideas wow there are so many low valued plays out there. Note I do not say under-valued given if that is what the market thinks they are worth they are fully valued. You really have to think under-valued to what? So really you are looking for a low valued company that is superior to its peers! Sort of like picking the least ugliest girl from a group of ugly girls at the bar!