Dont need to buy it, just need a single proxy entity to poll all the operator stock shares.
I'd have no idea how many MCD shares are owned by McDonald's Owner/Operators but Thompson-Reuters reports that there are 753 million MCD shares outstanding. 68% of those shares are owned by institutions.How many millions of shares would Operators need to control?.
good question - Wonder what the total operator Number is today. Again, it isn't the ownership, but the proxy influence. So that leaves 32% of outstanding shares to vote a proxy for a operator director. Assuming, none of the institutional shares wouldn't chime in... vanguard?How many 401K investments of operators and their employees are in such holders of holdings?It would take some homework - I prefer to see them just rattle the cage - Nationwide, close at noon THANKSGIVING and Closed Christmas Day.
I've done a lot of work for these institutions and am pretty sure the last thing they'd want is a franchisee on the BOD. They want directors to be focused on one thing - corporate earnings..
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