Not one shareholder showed up to Intel’s shareholders’ meeting last week. In person, at least. Instead, Intel’s annual meeting was entirely virtual. There was no in-person gathering site, the questions were submitted in advance, and management and the board made all of their presentations online. Virtual meetings are a growing phenomenon, but although technologically feasible, they are a bad idea. In 2015, 90 companies used this method with Broadridge, a big provider of virtual meeting technology. In addition to Intel, GoPro, SeaWorld Entertainment, PayPal, Fitbit and Yelp have all held virtual shareholders’ meetings in the last year.
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