He further agreed to buy no more stock until a shareholder meeting could be held.
All three men were highly visible at today's shareholder meeting.
The shareholder meeting is set for June 23, but could be delayed.
A special shareholders meeting was called for 3 October so they could vote on this plan, which offered $46 per share of common stock.
"It is nothing more than a group of shareholders going to a shareholder meeting," he said.
To be sure, American shareholder meetings are anything but models of democracy.
But at a shareholder meeting she was struck by how static the company had become.
Indeed, the average length of annual shareholder meetings is less than 30 minutes here.
The action occurred as the annual shareholders meeting is set to take place tomorrow in Philadelphia.
He has a shareholder meeting coming up, and the legal avenues will not solve his problem in time.
