Arkansas Blog

Charley Morgan and The Rev-Gov share more than a few traits when it comes to their belief on what constitutes ethical use of airplanes.

The liberal bloggers on this blog have no Acxiom stock. They are basic welfare cheats and don't own anything and don't have a clue.. Therefore they have no business even commenting on this situation. This is a private business matter and warrents no comment from this group.

...They are basic welfare cheats and don't own anything and don't have a clue...

holy crap! that's just stupid.

again.

Excuse me! I happen to own a sizable number of Acxiom stock and I have some real concerns about the way Mr. Morgan uses this company as his private expense account. Jets, race cars (trucks), personal vacations, nepotism. I think the company would benefit from some new leadership. At some point the founder of a company is over his head and needs to step aside for the good of the PUBLICLY traded company. That time has come.

"This is a private business matter and warrents no comment from this group."

This is not a "private business" matter. There are stock holder concerns and issues here and they need to be addressed.

The liberal bloggers on this blog have no Acxiom stock. They are basic welfare cheats and don't own anything and don't have a clue.. Therefore they have no business even commenting on this situation. This is a private business matter and warrents no comment from this group.

Posted by: Anonymous

I love it when 'An-nobody' posts his/her hate speech and shows everyone else what a hole they crawled out of. I 'warrant' to thank you from the bottom of your hellhole Anonymouse.

"The liberal bloggers on this blog have no Acxiom stock. They are basic welfare cheats and don't own anything and don't have a clue.. Therefore they have no business even commenting on this situation. This is a private business matter and warrents no comment from this group."

Wow. Charles himself has time to post here????

I thought you didn't link to Dg articles. At least that was your excuse for not taking on the Marion Berry farm story.

Some people just kill me. Remind me if I ever build a huge company that I need to consult armchair investors how I should enjoy my wealth. Would you be more impressed by an executive being dropped of in a private jet or a taxi?

Here's an idea. Get a venture capital company that doesn't know the business from the ground up take control of the company. I am sure their intentions are much purer than the founder himself. If they get majority control and have a garage sale, I hope you would feel happy you stopped an evil capitalist from using private jets...of course, there would be a huge loss of middle class jobs if this venture capital company decides to have a garage sale. Oh well, right?

It's more important that we tear down the successful (the employers). That will help job creation. Nothing worse than a man who builds a huge company that employs tens of thousands that has the audacity of going to golf resorts and flying in private jets.

I know everyone complaining, if put in Mr. Morgan's shoes, would give everything he/she made to charities and stock dividends. Of course they would also fly coach and drive a Prius.

What is the sense of working your whole life to build wealth and have a solid company if you can't enjoy some of the spoils of victory?

If you don't like what he is doing, if you think it is bad management...sell your shares!

In fact, if you are that sure... sell the stock short. You know what you are talking about, right?

The use of company jets by executives is coming under more scrutiny by shareholders of many many companies. This isn't just something for Acxiom. That being said, shareholders have every right to question expenses that they feel are excessive. Mr. Morgan may well be entitled to travel like the executive he is. But if shareholders don't feel like it's a good use of THEIR money, they certainly should protest. News articles like this help educate shareholders.

As rightly noted by Earl, Acxiom is a public company. How it spends money is a matter of public record that shareholders (and potential shareholders) are entitled to question.

ValueAct will fail and be sent back to San Francisco.

The small band of misfits inside Acxiom who are trying to help ValueAct will be hunted down and terminated.

Before they seal the airplane records I hope someone sneaks a peek to find out how many trips Huckabee has taken on the Acxion jet. It's looking like his butt print can be found on every corporate jet in Arkansas.

Charlie Morgan has more money than God, he could stop this silliness by buying his own Stealth bomber and using it all he wants. I still like the guy though.

"Some people just kill me. Remind me if I ever build a huge company that I need to consult armchair investors how I should enjoy my wealth. Would you be more impressed by an executive being dropped of in a private jet or a taxi?"

Morgan only owns about 1% of Acxiom, so it's not his wealth. The stockholders own Acxiom and he should not be using their money for personal things. That's nothing but theft.

When Charles Morgan took his company public, he gained access to huge amounts of capital. In return he gave up certain rights. A company is supposed to governed by an INDEPENDENT board of directors. If my I'm remembering correclty, I recently read an article in the ADG about several Acxiom board members are also investors in Morgan's private golf club. If they are using Acxiom assets to boost their personal golf club partnership, then some might consider it to be stealing from the Acxiom shareholders.

If Acxiom's "independent" board is comfortable with the situation, I guess there's nothing wrong with it.

It's analagous to government employees using frequent flyer miles from government paid trips for personal trips.

Evil Capitalist - thanks for making my point. Yes, by all means enjoy your wealth, you have earned it. But, spend what is yours and don't live off the company like Mr. Morgan does. He leases these planes to Acxiom Corp and makes a profit for himself and his family all the while using them at the company's expense to travel down to his resort in Mexico.

And don't lay off hundreds of employees because the company can't make it's quarterly numbers, and then spend millions so your sons can play race car.