Friday, October 8, 2010

Mosaic's board rebuffs takeover bid/talks!????

That's the scuttlebut!!

And of course, none of this is mentioned to shareholders!!

Even though this name has been touted as a takeout candidate more than a few times the last couple months!!!

Here is the board of directors of Mosaic. Where is their duty to shareholders???

Apparently this is what they think their duty is--they now say fertilizer demand will go through the roof, so then, in retrospect, they can talk about how ignoring and not disclosing takeover talks were in the best interests of shareholders!!

Robert L. Lumpkins
Chairman of the Board

Guillaume Bastiaens
Mr. Bastiaens served as a director at Cargill from 1995, as Vice Chairman of Cargill from February 1998 and as a member of the Cargill Corporate Leadership Team since its inception in 1999 until his retirement in August 2008. He joined Cargill in 1967 and held various leadership positions in the Cargill processing and technology operations in Europe and the United States. Mr. Bastiaens also serves as a member of the Board of Directors of Donaldson Company, Inc....

Phyllis E. Cochran
Ms. Cochran has served as Senior Vice President and General Manager of the Parts Group of Navistar, Inc., the operating company of Navistar International Corp., since January 2007. Ms. Cochran also serves on the Executive Council of Navistar, Inc. and served as Vice President and General Manager of the Parts Group of Navistar from January 2004 to December 2006; as the Chief Executive Officer and General Manager of Navistar Financial Corporation, Navistar’s captive finance company, from December

Richard D. Frasch
Mr. Frasch has served as a Senior Vice President and member of the Corporate Leadership Team of Cargill since July and April, respectively, 2008 and has served as chair of the Commodity Risk Committee, executive supervisor of Corporate Research and Development at Cargill and on the Cargill Agricultural Supply Chain Platform since June 2008. Mr. Frasch has also served on the Cargill Animal Protein Platform since January 2008; on Cargill’s Business Unit Strategy Working Group since June 2007; ...

William R. Graber
Mr. Graber is the retired Senior Vice President and Chief Financial Officer of McKesson Corporation. Mr. Graber held this position from February 2000 when he joined McKesson through his retirement in May 2004. From 1991 to 1999, Mr. Graber was with Mead Corporation where, prior to becoming Vice President and Chief Financial Officer, he served as Controller and Treasurer.......

Harold H. MacKay
Mr. MacKay has served as Counsel to the law firm MacPherson Leslie & Tyerman LLP (MacPherson) in Regina, Saskatchewan, Canada since 2005 and was a partner of MacPherson from 1969 to 2004. He served as the Clifford Clark policy advisor to the Department of Finance of Canada from 2002 to 2004 and chaired the Task Force on the Future of the Canadian Financial Services Sector....

David B. Mathis
Mr. Mathis has served as Chairman of Kemper Insurance Companies since November 2003. He was both Chairman and Chief Executive Officer of Kemper from February 1996 to November 2003. Mr. Mathis held a variety of management positions at Kemper since joining the firm in 1960...

William T. Monahan
Mr. Monahan served as Chairman of the Board, President and Chief Executive Officer of Imation Corporation from its formation in 1996 until his retirement in 2004. Prior to the formation of Imation, he served as Group Vice President of 3M Company responsible for the Electro and Communications Group, senior managing director of 3M Italy and Vice President of the 3M Data Storage Products Division. Mr. Monahan also serves as a member of the Board of Directors of Hutchinson Technology Inc., Pentair...

James L. Popowich
Mr. Popowich is the past President of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM). He served as President of CIM from May 2007 to May 2008; as President and Chief Executive Officer of Elk Valley Coal Corporation (EVCC) in Calgary, Alberta from January 2004 to August 2006; and as President of the Fording Canadian Coal Trust, a mutual fund trust that held a majority ownership interest in EVCC, from January 2004 until his retirement in December 2006. Mr. Popowich previously ser...

James T. Prokopanko
Mr. Prokopanko became our President and Chief Executive Officer in January 2007. He joined Mosaic as our Executive Vice President and Chief Operating Officer in July 2006. From 2002 to 2006 Mr. Prokopanko was a Corporate Vice President of Cargill with executive responsibility for procurement and served as a Platform Leader of Cargill’s Ag Producer Services Platform from 1999 to 2006. After joining Cargill in 1978, he served in a wide range of leadership positions, including Vice President of t...

Steven M. Seibert
Mr. Seibert joined the Collins Center for Public Policy as its Senior Vice President and Director of Policy in July 2008. From January 2003 until he joined the Collins Center, Mr. Seibert operated The Seibert Law Firm in Tallahassee, Florida representing private and public sector clients in environmental and land use matters. He also served as the Executive Director of the Century Commission for a Sustainable Florida from 2005 to July 2008. Prior to starting a law practice, Mr. Seibert was Secre...

David T. Seaton
Mr. Seaton was recently elected Chief Operating Officer of Fluor Corporation. Prior to his election as Chief Operating Officer, Mr. Seaton served as Senior Group President of the Energy & Chemicals, Power and Government business groups at Fluor from March 2009 and was also responsible for Fluor’s business in China and the Middle East. Mr. Seaton had previously served as Group President of Energy & Chemicals for Fluor from February 2007 to March 2009 and as....


Anonymous said...

whats going on with mgm?

Anonymous said...

adbe came back think it's dead?

Palmoni said...

I have options on ADBE and long the stock--I sold half of them into the spike Thursday so I'll just sit with the rest and have a free play as my cost is already out of them

I think next week we'll hear some rumblings again--heck the stock is a buy here

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