Intel ignores its owners

Today, Intel Corporation's (INTC) management decided to ignore the wishes of its owners.

Intel's management disagreed with 54 percent of its shareholders who voted for a non-binding proposal to expense employee-stock options.

When I heard this news of misalignment of management and owner interests, I immediately thought of a friend of mine who's been working to help ensure that management truly does work for the owners of a firm.

My friend, Mark Latham, founded the Corporate Monitoring Project several years ago. Over the years he has presented numerous shareholder proposals to provide for independent auditing and analysis of shareholder proposals. Check out the Corporate Monitoring web site to see his latest work in this area.