Seeking Alpha

Dow Chemical (DOW -0.25%) shareholders reject a motion at the company's annual meeting to divide...

Dow Chemical (DOW -0.25%) shareholders reject a motion at the company's annual meeting to divide the roles of chairman and CEO on the eventual retirement of chief Andrew Liveris. Shareholders do approve Liveris' $19.3M compensation package for 2011.
From other sites
Comments (1)
  • Dr. Poly
    , contributor
    Comments (370) | Send Message
     
    Dividend adj. price in 2004, the year Liveris was appointed, was $32.50/sh. Today, $32.16/sh. A job well done and worthy of $19.3M in compensation.

     

    http://bit.ly/KpTw5D

     

    From wiki: "During the Rohm and Haas acquisition, in December 2008, Liveris was quoted as saying "Dow is the only company in the Fortune 200 to have paid its regular quarterly cash dividend without reduction or interruption since 1912. That is 388 consecutive quarters. I have said it before, but I want to say it again, we will not break that streak. Not Dow, not on my watch".[4]. The following quarter Dow cut its dividend by 65%.[6] In a press release announcing the quarterly dividend (Feb 12, 2009) Dow’s Board of Directors stated its decision was based on a “a confluence of factors, including uncertainty in the credit markets, unprecedented lower demand for chemical products, the ongoing global recession and pending business issues.”[7]"

     

    Also from Wiki "The recovery plan has been accompanied by a sixfold recovery in the share price."

     

    If you were one of the few that bought at $6.33/sh low during financial crisis combined with Dow MGMT induced crisis lows, yeah, you got a 6 fold increase.

     

    I'm guessing this Dow Wiki entry is edited by IR for Dow and AL's agent
    10 May 2012, 12:51 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs