I get anywhere from sixty to seventy proxy statements every Spring (another use of the term "March Madness") and you'd be amazed at how many people are just as stupid as whatever Bozo decided that electric utility profits shouldn't be tied to electricity sales.
Every year we have to vote on shareholder proposals that exist between financial suicide and total insanity. And the problem is, anyone can get a proposal in, regardless of how nutty it is.
So when Maria Sophia DeAngelo of Bay Ridge passes away and leaves her 17.3 shares of Exxon Mobil (or Chevron, or Conoco-Phillips, or Occidental) to the Sisters of Saint Joseph's Holy Plumb Bob, next year the Sisters of Saint Joseph's Holy Plumb Bob will propose that Exxon-Mobil stop drilling for oil and dedicate all their resources to fighting global warming.
Another favorite is that ______________ (fill in any electric utility) disavow any use of fossil and nuclear fuels whatsoever and only use clean, renewable energy. However, if you're a Northern power company using a lot of clean hydroelectric power, the loon proposals, as I call them, want you to tear down the dams so that fish can freely fornicate. (I don't think that fish truly can fornicate, but it's a politically correct F word, so it will pass the censor.)
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