“Barring those hurdles, though, you could just keep buying till you have control and then vote yourself a new board if you liked. Perhaps useful for setting the capital allocation strategy to something that suits you.”

Hmmmm. Reminds me of a young determined greyhound who caught the mail truck & got control of a textile cigar butt. Story never gets old. Apologies, but I can only imagine the look on old Seabury’s face when the young Midwest Sheriff took control. 🤣👏 So glad he Did make an emotional decision here!

Don’t mess with Eastwood & Don’t mess with young Buffett! From Wikipedia:

“In 1962 Warren Buffett began buying shares of Berkshire because he thought the company was selling at a discount to its actual value after noticing a pattern in the price direction of its stock whenever the company closed a mill. Eventually Buffett acknowledged that the textile business was waning and the company's financial situation was not going to improve. In 1964 Stanton made a verbal tender offer of $111⁄2 per share for the company to buy back Buffett's shares. Buffett agreed to the deal. A few weeks later Buffett received the tender offer in writing, but the tender offer was for only $113⁄8. Buffett later admitted that this lower (undercutting offer) made him angry.[2] Instead of selling at the slightly lower price, Buffett decided to buy more of the stock to take control of the company and fire Stanton.”