That's when shareholders will vote either to have the former company chairman replace David Stockert as president and CEO or keep Stockert and the REIT's existing slate of directors and other executive officers.
In its first formal reply to Williams' two-week-old proxy fight to regain control of the company he founded in 1971, a prepared Post statement says "if Mr. Williams succeeds, it is unlikely that the company would be able to attract qualified management in the future."
The statement says Williams has nothing to show but a string of wrong decisions made during his reign in the executive suite.
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