Can someone please explain this? I've seen several people mention buying stocks and giving their votes by proxy to someone else? I also saw somewhere that someone should set up a proxy thingie for the next shareholders meeting? I'm really confused about this and I really want to understand.

I can't be the only one. Thanks!

Originally posted by HB Tigger Fan
I can't be the only one. Thanks! I'm officially backing HBTF here....she's not the only one who'd like a clarification. :)

A proxy is someone who votes on behalf of someone else. On standard corporate annual meeting forms, one who cannot attend submits a proxy ballot. The ballot names people who will vote the stockholder's shares as requested on their behalf. If any other matters come before the annual meeting, the proxy would vote the shares as they saw fit. Generally, the proxy statements name a corporate attorney or other official as the voter of the shares. A shareholder can also name another person to vote their shares by proxy. I'm not exactly sure what that paperwork entails, as I've never been involved in something like that before.

Is that enough in a nutshell to answer at least the basic question? (Either way, someone with more corporate experience than I can fill in more details or correct any mistakes.)

Ok, we're cool. :)

Ok, I get it.


Another question-if you purchase Disney stock online, are you entitled to the same benfits of someone who didn't? Can you still attend stockholder meetings and such?

If you own shares in the company, you own shares in the company. It doesn't matter how you purchased them.