I got to take the train to Wilmington Delaware for the Ford annual meeting. In my other life, I work for a non-profit that represents institutional shareholders to encourage companies to be socially responsible. This encouragement comes in the form of shareholder resolutions. So my boss spends a lot of time traveling to big companies to move her resolutions (when they make it to the proxy vote). She had one on the Ford ballot yesterday, but also had to move three others (as a favor to a colleague), so she asked if I would like to come along and move the three add-ons. Of course I did.
Not just because I had never been to a huge company’s annual meeting, but also because I thought “Hey, I’ll get a lot of knitting done on the train.”
Which, in theory, is true. However, I am now in total awe of anyone who knits on trains. I did more tinking than knitting, and in fact, my sock pal’s sock is actually smaller than it was when we started. (see the photo below). I was too depressed to take pictures.
Aside from this knitting disappointment, the annual meeting was a blast. I totally recommend that if you’re a shareholder, you show up for one of these. At this meeting Bill Ford, Jr., the company’s new president Alan Mulalley, and three other honchos sat on the dais. There were introductions and remarks. Then the fun began. Each resolution on the proxy (and there were 10) had to be moved, and then there were comments from the peanut gallery shareholders in support or not of the resolution. If you’ve got a resolution on the proxy you, or a representative, has to be present to move it. So there were folks from all over the country representing their resolutions. The first two were nuts and basically allowed a husband-wife team from Michigan to get up and totally slander Bill Ford. I was so surprised to hear the vitriol come from their mouths. Then came my org’s resolution on getting companies to set GHG (green house gas) reduction goals. After the resolutions were moved, there was voting and votes were announced. Then came the super fun stuff–Q&A.
Which, we all know, never results in actual Qs–it’s just a bunch of people wanting to get heard. So we listened to an inventor ask the new president to install this great new glass that makes reds redder, and greens greener into Ford headlights and windshields. Even more intriguing than this guy’s invention was his choice of footwear–bright yellow wooden clogs with socks that were so close to the sheep they were bah-ing. Too bad cameras weren’t allowed in! Then an ancient guy spoke about his crown victoria which has saved his life, and as a result, he has purchased over 30 ford cars and trucks over the past half century. Mrs. Garcia from Detroit wanted to thank the company for its social contributions to some down and out part of Detroit (isn’t it all down & out?), but she was hip-checked out of the way by crazy resolution 1 guy who wanted to continue his diatribe on Bill Ford’s “reign of failure.” Such excitement.
The meeting finished, and I met some important peeps, and then hopped on the train home, where more tinking took place.
So, if you’re a company shareholder, and the annual meeting isn’t too far from your backyard, I would totally recommend showing up. It’s very enlightening. And fun. And crazy. Just don’t try to knit on the train there.