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148 may succeed is to buy or [[underline]] influence the shares of the Karpen group [[/underline]] and not elect me [[underline]] president. [[/underline]] but I with my 3 votes [[underline]] can stop [[strikethrough]] these [[/strikethrough]] approving their salaries. George Baekeland's suggestion that our corporation should buy the stock and issue bonds [[/underline]] for the amount and thus keep its reserves intact and by deducting interest of bonds [[underline]] reduce our taxes is very clever.ͯ [[left margin]] ͯ But we should have to pay 13% taxes additional on any dividends. Better would be to buy the stock for the company and distribute it as a stock dividend. [[/left margin]] Provided however with [[strikethrough]] my [[/strikethrough]] our reduced holdings in the General Bakelite Group we still can have our 6 directors out of ten It would much increase my personal importance [[strikethrough]] at [[/strikethrough]] as largest stockholder not only of the General Bakelite Group but of the whole bakelite [[end page]] [[start page]] 149 corporation. The originally issued shares [[strikethrough]] would be [[/strikethrough]] 35658 would be diminished by 6665 ------ or in all 28993 shares of which I with my [[underline]] 12000 [[/underline]] become = [[underline]] 41.39% [[/underline]] of all the total votes. so I can appoint [[underline]] 4 directors without anybodys help and with 4000 friendly shares voting for me we can appoint the 6 directors. [[/underline]] There would be only 5330 shares left besides my 12000 in my group. If all these shares become hostile they can only control [[underline]] 18.33% [[/underline]] of the votes. having enough for [[underline]] one director [[/underline]] and still 0.833 left for a second while I would have [[underline]] 4 directors [[/underline]] and only 0.139 [[strikethrough]] % [[/strikethrough]] for a second Our group together would control 60.72% of the total stock 39.28% which is for