Absurd treatment of owners in Proxy Access battle

That companies can try to derail the SEC's proposed changes in the rules governing proxy access in the United States can only be called absurd. After all the companies ARE the same as the owners and should not bloc themselves. The only explanation is the self-interest of a narrow and interbred clique of senior managers and board members that do not want insolent owners disturbing their cushy - and lucrative - sinecures.