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A little history behind the button:
A good friend of The Button Guy once remarked that she one day wanted
to own enough Avon stock to have an opinion. In further conversation, we all decided that
it would be a good thing to be able to get a Representative elected to the Avon Board of
Directors, so that Avon Representatives could finally have a direct voice in corporate
decision making. That is how we came up with "Don't Squawk, Buy Stock!"
The 4% indirectly came from the Securities and Exchange Commission. Any
individual who owns more that 5% of a publicly held company must register with the SEC. A
4% owner would not have to be registered with the SEC, but would probably have enough
stock to get someone elected to the Avon Board of Directors.
If a group of organized Avon Independent Sales Representatives owned at
least 4% of Avon, they should be able to get a Rep elected to the board, and finally have
a voice in Avon's future. In other words, Representatives would own enough stock to have
an opinion. |
