We’re all for webcast annual meetings that make it possible for shareholders to attend without traveling, but the news that Starbucks is having a virtual-only annual meeting on March 23, 2016 is disappointing, especially since the notice says that they require at least ten days advance notice in order to attend — and arrangements must be made by phone call.
What is the point of having a virtual meeting if it is not to make the meeting more accessible? What is the point of using online technology for the meeting without making it available for registering to attend?
The only possible conclusion is that Starbucks does not really want anyone to attend the meeting. Perhaps the two shareholder proposals, including proxy access, are part of the reason.