Quote Originally Posted by Bill Berson View Post
My history with EAA goes back about 40 years.
I was told that the proxy came into use after Paul nearly lost an election. So that is the legacy left by Paul.
Mr. Hightower is not to be blamed for the past, but the future is another matter.


A total removal of this proxy system is required (replaced with direct member vote only) to restore my faith in EAA. If that is possible.

Removal, at least voluntarily on the part of the most senior management, will never, ever occur. The proxy voting system was initiated to insure that absolute power and control remained in the hands of the founding family, a CEO now chosen by that family and a BOD selected by all of the foregoing. Quite the stacked deck and not to be penetrated. It's similiar to the "Poison Pill" provisions adopted by publicly traded companies to prevent hostile takeovers.

As I said just previously, the changes must come in the form of ammendments to the voting covenants and procedures as currently contained in the EAA constitution. Since this is 100% unlikely to be accomplished by those heading up current initiatives for change then other methods must be considered. One such method is the launch of a Class Action law suit to challenge and test the validity of the voting covenents with respect to their legality and reasonableness for NFP's. The hiring of a lawyer with expertise in NFP's and administrative and constitutional law who would be willing to at least look at the issues Pro Bono to make an evaluation with respect to the merits of a Class Action might be warranted.