IN THE NEWS

Gimme Back Your Paycheck
   by Gretchen Morgenson
   The New York Times   February 22, 2008


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THOUGHTS FROM OUR FOUNDER

We believe that the time is ripe for the true owners of corporate America to join together to force their direct, legal representatives – corporate directors – to begin once again to act in the best interests of shareholder owners.
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"Our society depends on checks and balances, and the money management industry has not done it's part. It has enabled pervasive corporate abuses by voting its own economic interests instead of the interests of the millions of families whose money it manages. That is a betrayal. Investors should support those managers who properly perform their fiduciary duties and terminate the ones who do not."

~ Frederick E. Rowe, Jr.
President and Trustee

National Steering Committee

Frederick E. (Shad) Rowe
President and Trustee, Investors for Director Accountability
General Partner of Greenbrier Partners, Ltd.
Member of the Texas Pension Review Board which oversees public pensions in Texas
Dallas, Texas

Richard A. Bennett
Co-chairman of the Executive Committtee, Investors for Director Accountability
Investor and corporate governance consultant Former President, Maine State Senate
Portland, Maine

William J. Blythe
Retired Executive Director of the Texas Association of Public Employee Retirement Systems
(81 Retirement System TEXPERS Members – 127,191 Active and Retired Beneficiaries)
Houston, Texas

John C. Bogle
Founder and former CEO of Vanguard mutual fund group
Bryn Mawr, Pennsylvania

Dan Branch
Texas State Representative and Attorney
Dallas, Texas

Christopher C. Davis
Portfolio Manager, Davis Advisors
New York, New York

Gabrielle deKuyper
Investor
Austin, Texas

Thomas S. Gayner
Executive VP and Chief Investment Officer, Markel Corporation
Richmond, Virginia

George B. Kaiser
Investor, oil and gas Tulsa, Oklahoma

John Ford Lacy
Retired corporate lawyer and investor
Dallas, Texas

Leo E. Linbeck, Jr.
Americans for Fair Taxation
Houston, Texas

Robert A. G. Monks
Investor and corporate governance authority
Cape Elizabeth, Maine

Don Phillips
Managing Director, Morningstar
Chicago, Illinois

T. Boone Pickens
General Partner, BP Capital
Dallas, Texas

Edward W. Rose
Cardinal Investment Company
Dallas, Texas

Harold C. Simmons
Investor
Dallas, Texas

James C. Smith
General Partner, Bedrock Partners
St. Thomas, U.S.V.I.

Ralph Wanger
Founder, Advisor, Trustee, Columbia Wanger Asset Management
Chicago, Illinois

THOUGHTS FROM OUR STEERING COMMITTEE

  1. “Most of the time management’s attitude toward shareholders is ‘If you don’t like the way we run things, sell your stock.’ That’s like the gardener telling the estate owner, ‘If you don’t like the way I take care of your property, sell it and move out.’ That’s not the way the real world works.”
    -Boone Pickens



WHAT YOU CAN DO ABOUT LAX, COMPLIANT OR INCOMPETENT BOARDS

  1. Report company specific investor concerns to our foundation.
  2. Spread the word.
  3. Join our e-mail list.
  4. Make a contribution.
  5. Call and register your views (anonymous and confidential calls are welcome)  1-800-581-3783

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