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Kickoff of the STM Small Shareholders’ Group (STM.S.S.G.)

Wednesday 4 July 2012, by STM_SSG admin

Dear Readers

The manner in which the small shareholders of STMicroelectronics are treated is not acceptable. Certain of these are also employees of STMicroelectronics. However many of us have received the invitation to the Annual General Meeting on the 30th of May after the date it was held.

The management of the company is not correct. It is not normal that the while analysts believe that the poor management of ST-Ericsson has divided the market value of STMicroelectronics company by two, the top management award themselves each year nearly 1% of this value.

The creation of an defense group for STMicroelectronics small shareholders has just been decided upon.

The points that we will be addressing rapidly are:

  • The status and the management of the group
  • The choice between a group with membership of each country, or a federation of groups in each country (Holland, France, Switzerland, USA, UK, etc)
  • Whether to push to have the AGM of the 30th of May annulled. But given the time available, it seems difficult to achieve this (and not really reasonable).

We still need an administrative and logistical support (especially concerning communication) and we are currently contacting Europeans working unions.
Thank you to everyone who responded and especially those who have supported the implementation of this website.

Now we are starting the second phase of this project, which involves bringing together all those interested in our association.
Therefore feel free to forward our details (email and website) to any interested STM shareholder?

Best Regards,
Unhappy Small Shareholders of STMicroelectronics, smallshareholdersofstm gmail.com

P.S.

Thank you Charles.

1 Message

  • Kickoff of the STM Small Shareholders’ Group (STM.S.S.G.) 13 July 2012 at 12:14, by Malcolm Penn

    Be happy to provide the group with any market and/or business performance data you need ... ST had to be turned around back to it’s Pistorio-era success and world leadership position. Getting back into manufacturing is crucial; as is an agressive product/marketing strategy. Early 450mm adoption a key part of the solution to it’s problems. I was proud to have been a part of the 1993 Vision 2000 initiative (the only external partiocipant!) an long-term supporter of the company. Although not an employee, I feel as badly let down by the current situation as you all do. Let this be ’Vision 2020’ ... ST’s decline over the past years has cost it almost US$100 billion in lost sales! Unbelievable!!