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SandRidge Energy (SD) adopts a shareholder rights plan and amends its bylaws to require a...

SandRidge Energy (SD) adopts a shareholder rights plan and amends its bylaws to require a majority vote of stockholders to appoint directors. Two major shareholders have criticized the company and CEO Tom Ward in recent weeks, urging "a strategic sale or sensible development of assets" to boost shareholder value. SD -1% AH.
Comments (12)
  • herewego-again
    , contributor
    Comments (2) | Send Message
     
    what does this mean to small investors
    19 Nov 2012, 05:24 PM Reply Like
  • rmdonovan
    , contributor
    Comments (54) | Send Message
     
    Atta boy Tom, nice try to keep TPG out of your "sandbox". However, I hope TPG and other responsible parties keep pushing and get seats on the BOD.
    19 Nov 2012, 05:27 PM Reply Like
  • SCOUT1
    , contributor
    Comments (4) | Send Message
     
    Sounds like Mr. Ward is trying to stack the cards to fall his way.
    19 Nov 2012, 05:39 PM Reply Like
  • beaudawg
    , contributor
    Comments (3) | Send Message
     
    Step in the right direction.
    19 Nov 2012, 05:40 PM Reply Like
  • Brandond
    , contributor
    Comments (339) | Send Message
     
    Kind of an oxy moron when these "shareholder rights plans" are adopted as they have the effect of inhibiting meaningful change and helping the current deadbeat management continue running the company into the ground while taking huge, higher than market compensation.

     

    Worst run energy company in the US (just edged out CHK for that honor) continuing to take steps to hurt the investors.
    19 Nov 2012, 05:41 PM Reply Like
  • gausmus
    , contributor
    Comments (93) | Send Message
     
    Entrenchment.
    19 Nov 2012, 06:17 PM Reply Like
  • RHMASSING
    , contributor
    Comments (224) | Send Message
     
    This Ward guy is without shame. How can someone like him taking his yearly compensation as the highest paid CEO in the industry to have the lowest performance co and share price! Today's news truly solidify all the forces to get rid of him.
    19 Nov 2012, 06:38 PM Reply Like
  • Chancer
    , contributor
    Comments (2523) | Send Message
     
    Best move forward is to change the board to get rid of Ward's protectors.
    19 Nov 2012, 09:18 PM Reply Like
  • billyjack1476
    , contributor
    Comments (7) | Send Message
     
    Tom has lost has way he thinks he works for himself and not the shareholders or in this case "bag holders" it is time for change Tom. It is time to stop the greed and share the wealth. If you wanted a private company then you should have not gone public, attention all shareholders we all need to back TPG and another other large holder, I'm in.
    20 Nov 2012, 02:18 AM Reply Like
  • rjj1960
    , contributor
    Comments (1359) | Send Message
     
    Always count on the mgmt of SD to do the right thing for the battered shareholders.
    20 Nov 2012, 08:04 AM Reply Like
  • Bob Curtin
    , contributor
    Comments (67) | Send Message
     
    Actions like this should make it eminently and abundantly clear to shareholders that Ward and his puppet board like things just the way they are. They will continue to float "new" plans to enhance shareholder value year after year while the stock price languishes and the big paydays for Tom continue.

     

    Every shareholder should support the activist investors.
    20 Nov 2012, 09:56 AM Reply Like
  • DMMEXMD
    , contributor
    Comments (32) | Send Message
     
    How do we go about giving our support to TPG?
    23 Nov 2012, 01:06 AM Reply Like
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