This has to be the craziest shareholder proposal I've ever seen.
This guy is submitting a proposal, to be voted on at the upcoming Procter & Gamble shareholder's meeting, that the company be sold.
As best I can figure, his rationale is that P&G stock has not increased as fast as housing prices, which (according to him) have soared because women have entered the workforce and families now need two incomes to get the buying power they used to get with just one. Plus, he didn't like the idea of P&G developing a testosterone patch for women, intended to enhance women's sex lives. (He is an MD.)
Needless to relate, the board of directors is recommending a vote against the proposal.
The annual meeting notice is here:
http://www.pg.com/content/pdf/02_inv..._statement.pdf Go down to page 37, about 4/5 of the way down; it's shareholder proposal #2.
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