Originally published May 4, 2008 at 12:00 AM | Page modified May 5, 2008 at 11:53 AM
E-mail article
Print viewEditorial
Fisher Communications, other CEOs, take notice
A corporate event passed almost unnoticed in Seattle last week. Shareholders of a public company bit back at a plan for executive compensation
A corporate event passed almost unnoticed in Seattle last week. Shareholders of a public company bit back at a plan for executive compensation.
The company is Fisher Communications, the owner of KOMO-TV, KVI-AM and other broadcast properties in the Pacific Northwest.
When Fisher's board proposed the creation of 1 million new shares to fund the incentive stock program, two East Coast investors owning 27 percent of the shares objected.
Fisher directors cut the request to 300,000 shares, which went to a vote at the annual meeting on Wednesday. Shareholders approved the 300,000 new shares, but only just: Holders of 48 percent of the shares voted no.
That wouldn't have happened 20 years ago. Then, public shareholders were entirely docile.
Not any more. They begin to exercise their rights as owners — and what happens at one company may happen at another.
Copyright © 2008 The Seattle Times Company
E-mail article
Print view
Digg
NewsvineUPDATE - 02:37 PM
Charles Krauthammer / Syndicated columnist: Iran's leaderless revolution: searching for a Yeltsin
NEW - 02:26 PM
Leonard Pitts Jr. / Syndicated columnist: The triumph and tragedy of Michael Jackson
NEW - 02:48 PM
Leonard Pitts Jr. / Syndicated columnist: What does a homosexual demon look like?
2009 fireworks time lapse
With strict parking rules enforced at this year's July 4th celebration on Wallingford Ave North, less cars and more spectators filled the streets.
Entertainment | Top Video | World | Offbeat Video | Sci-Tech
nwjobs
Post a comment
Michelle Goodman blogs about work/life balance.
Tax tips for new independent professionals
Post a comment
nwautos
Choosing a new sedan? Weigh the impact of your choice on your wallet and on the planet.
Post a comment
nwhomes
Find a new home or condo that fits your lifestyle.
Search New Developments
Builder Directory
- Plasma and LCD beware; OLED screens ready to go mainstream
- Former NFL MVP McNair killed
- Russell Branyan, Mariners fight off the Red Sox
- Palin takes to Web for hints of political future
- Fourth of July festivals and fireworks in Seattle, the suburbs and beyond
- Landmark Smith Tower mostly vacant
- The Blotter | Man pistol-whipped after argument at nightclub
- Property taxes: Appeals shoot up in King, Snohomish Counties
- Desert-lobster dispute turns pair into sagebrush heroes
- Larry Stone | Mariners deserve big All-Star contingent
- Palin resigning as Alaska governor
768 - Seattle Mariners at Boston Red Sox: 07/04 game thread 244
- Seattle Mariners at Boston Red Sox: 07/05 game thread 159
- Former NFL MVP McNair killed 98
- Hatred for the NBA runs deep, but don't take it out on the players 89
- Palin links resignation to 'higher calling' and blasts media in Facebook posting 88
- Tukwila residents rally against light-rail noise 78
- Property taxes: Appeals shoot up is King, Snohomish Counties 61
- Mariners score unlikely win over Red Sox in battle of bullpens 58
- Tent City on campus: UW stalls decision 51
- Plasma and LCD beware; OLED screens ready to go mainstream
- Merchant Marine veterans fight for recognition
- Property taxes: Appeals shoot up in King, Snohomish Counties
- Hard times for tourist towns means good deals for travelers
- Close-up | Prison guards intercept carrier pigeon with a cellphone
- Pre-grill drill: marinate steaks
- Concert Review | Green Day blasts off 4th weekend with KeyArena show
- Lake Washington's sockeye run may hit a record low
- Amtrak cleared for 2nd daily train to Vancouver, B.C.
- Yakima teacher reprimanded for sending 5-year-old student home with bag of feces in backpack
