I have a friend who owns a vacation home that he rents out by the week and on weekends. It’s a cozy place surrounded by forest with access to one of the Great Lakes. It’s a perfect place to get away from it all, replenish the spirit and relax. The rent also helps my friend financially. Lately, however, he feels less inclined to offer his house to vacationers. It seems some of his renters take it upon themselves to move the furniture in his house in a fashion more to their liking. In one instance, a renter totally reconfigured all the cooking utensils, pots and pans in the kitchen cabinets and drawers.
Why would anyone spend precious vacation time and money only to rearrange someone else’s furniture and cookware? By the same token, why would anyone invest in a company only to introduce proxy resolutions that would negatively impact the company’s bottom line and decrease shareholder value? Wouldn’t that trip things up?