RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ESEIf RIO earns a BoD seat, that wold raise the # of seats from 5 to 6 then? 1 seat would then = 17% of the BoD (or not much higher than their 12% ownership). Any confidential BoD discussions of course would no longer be confidential, however, if a proposal were to be voted upon that RIO doesn't like they wouldln't have the votes to vote it down.
The concern would be if RIO is able to exert pressures on the BoD (i. e. playing politics) if they earn a seat. This brings us back to where we are today: Paul and the BoD have to stick to their guns with regards to breaching the magic number it will take to secure a buyout. Without getting into another long debate for the umpteenth time on what that number is or should be, I'll just say it is going to be over $1 billion. Anyone who thinks RIO will steal away Casino for anything less is not paying attention to the long-term story which has been playing out for the last 17 years.