I hold a small position in CVS. Tiny enough in relation to the rest of my portfolio that, to be frank, the entire company could be liquidated and I could care less. In fact I'd jump for joy.
But because I am a stockholder, I am eligible to vote in the annual meeting.
Here's how I am going to fill out my proxy card:
- Directors: Vote against all of them.
- Ratify the appointment of independent accounting firm: Vote against (of all questions, this probably matters the least, but voting against this sends a message)
- Approve company executive compensation: Vote against (I don't care if they all end up in the poor house)
- Approve the company's incentive compensation plan: Vote against (high level types covered by this plan are the ones driving CVS into the ground)
- Stockholder proposal to reduce threshold to act by written consent: Vote for (goes against board recommendation, and why would anyone want less say in how CVS is run?)