RE: PeterS2325 Mar 2021 21:37
Also, I'd like to point out your very flawed view on private investors, perhaps we can start with:
1) "we own none of it", together I'm sure we own far more than he does.
2) We are what bolsters the share price while Invesco sells, not him, not any other institions, together we are doing all of the buying and making sure the SP doesn't collapse in the presence of a large seller.
3) When his time comes to sell, he needs someone to buy his shares from him. Sure, we would all like to see the company bought out in one when that times comes, but if there isn't a buyer, all that good will and effort he puts in will pay dividends (no pun intended) to the happier private investors.
4) Voting power - to have private investors and with no significant majority holder is very important when it comes to voting things though general meetings.
5) "Duties of Care, Loyalty and Disclosure
The duty of loyalty requires that a CEO always acts in the best interest of a business's shareholders", its literally written in law that he should act in the nest interest of shareholders.
CF does a wonderful job at managing the relationship with small private investors, but you should not discount our importance in all of this, when collectively we are the largest holder by far.