Siebel Makes Shareholders Meeting Web-Only

(Mis)Uses of Technology

from the gotta-hide-somewhere dept

theodp writes “When you’re under fire for high executive pay, improper disclosure of sensitive information, controversial employee stock-option exchanges, and a stock that has fallen 63 percent in the last year, the last thing you’d probably want to do is bump into angry shareholders at the annual meeting. That won’t be a problem at Siebel, which is the first major company to hold an Internet-only shareholder meeting, with all questions to be submitted in advance.” Can’t be too careful, these days, I guess. It seems like there’s a bit of backlash on this, and Siebel is taking some heat. There are plenty of smaller companies that do this, but this would be the first “big” company.