A recent poll in Delaware indicates voters do not favor a court-ordered sale of translations services company TransPerfect.
More than 70 percent of voters surveyed by Slingshot Strategies, LLC., believe that the government should not have the power to force the sale of TransPerfect. The 800-person poll tested perceptions towards the ongoing court case involving the company, as well as the government’s role in the affairs of Delaware businesses.
The poll was commissioned by Citizens for a Pro Business Delaware, a group comprised of TransPerfect employees and others.
Last week a solution was proposed by Shirley Shawe, a 1 percent owner of TransPerfect. Shawe vowed to sacrifice her voice in the boardroom and vote alongside the interests of co-owner
Shirley Shawe agreed to vote alongside the interests of co-owner Elizabeth Elting. The vote would give Ms. Elting a 51 percent majority to restructure the Board of Directors’ decision-making authority, and permanently end the deadlock that led Chancery Court to order a sale. Shirley Shawe is the mother of Philip Shaw, who
“Shirley Shawe’s offer to cede her representation in the boardroom to save the company and with it, the livelihoods of over 4,000 workers is honorable and we fully support her efforts,” said Chris Coffey, campaign manager for Citizens for a Pro-Business Delaware. “With this offer, the Court of Chancery’s justification for the sale of this extremely profitable company is gone, and we ask that all parties follow Ms. Shawe’s exemplary lead to put the workers’ fears to rest and let the owners retain the company.”
The group continues to seek legislative support for a bill that will mandate a three-year waiting period before forcing the sale of a company incorporated in the state, a release stated.
