A New Year's Message from Dwight
Many of you have asked about the progress being made
to bring out the book that I have been working on about Biblical Responsible
have completed more than 30 interviews and I have six more to go if all
goes well and the table of contents and several chapters have reached
the 4th and 5th draft stages. It appears that there will be 11
or 12 chapters depending on how we present some of the material and several
appendices that will include some of your input from some of the readers
of this very MMM. I wanted to share some of the concepts from the
book and also give you information about one of the
areas of concern now rather than waiting for the book.
The book will try to focus on how various money managers
are working to offer services that screen out companies
that are in violation of activities that many Christians find offensive.
is a list of some of the areas of conflict:
- Anti-family entertainment
- Support of lifestyles that are counter to Biblical principles
- Corporate Governance, (excessive compensation), negative shareholder
- Environmental negligence
Each week for the next several months, I will take
each of these issues and focus on what is happening and why you might
start to make changes in how you deal with these ideas in your own
investments and also how you can help others. Many have questioned how we can possibly make
a difference in these issues as our thoughts will often be in contention
to the very companies we work for as well as those we have been investing
in. My answer to that is Jeremiah 33:3
Under the heading of “enough is enough”, Robert Nardelli,
the former President of Home Depot who we discussed last year after his
boorish attitude in dealing with questions from shareholders at last
years annual meeting is gone. The board finally had enough of his
act and indicated that he would take a pay cut for next year.
Nardelli could not accept that and resigned taking
all of $210 million as his parting gift (compensation and retirement
benefits) in addition to the other hundreds of millions he “earned” in the previous
5 years while shareholders saw the value of their holding in Home Depot
soar to a negative 3% return for the same time period. Yea, I think
he earned it!! Maybe you would like to tune in next week to start
joining the forces of others who will not mark another proxy card in
favor of a stock incentive plan that doesn’t include a cost figure
with the request.
HAPPY NEW YEAR!
Sent January 8,
Dwight Short if you would like to receive future
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