It's easy to pick on foreigners. But whatever the motivation is ... it seems silly.
I can't imagine that someone in the state legislature has a better idea of how we should be doing our jobs.
Studies have found companies with smaller boards tend to have higher stock valuations.
The best board members are those who are the most involved and have time to look out for the interests of shareholders. Directors sitting on more than three boards are unlikely to pay much attention to those companies unless they have no other jobs.
My home run didn't win this game. It was the bullpen. They were tremendous all the way.
We see very different levels of investor protection on products that look, to investors, to be very similar. We think of this as an effort to level the playing field.
I am prepared to go anywhere, provided it be forward.