We didn’t bargain for those hicks from the mid-west playing dirty pool must be the increasingly anguished plaint at AT&T Co as NCR Corp continues to float like a butterfly, sting like a bee as another hick from the mid-west so eloquently put it before dancing around and then flattening city slicker fighters: in its latest ploy to frustrate Ma Bell, the board of NCR has voted to amend the company’s by-laws to increase the permitted size of the board to 20 from 13 – or as few as three – and to create the post of acting chairman; chairman Charles Exley is up for re-election at the annual meeting and the move means that if, as expected, AT&T is able to replace the four board members up for re-election – that needs a simple majority – the new board will be able to elect Exley back to join it and appoint him as acting chairman; the proposals for an employee share ownership plan mean that it is not likely AT&T can get the 80% vote needed to unseat the entire board.
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