Edwin knew that he had opened a can of worms. He could just feel the room begin to erupt. Right enough, up went Baker's long Jim arm. "I think we owe it to our shareholders. They have waited a long time for a dividend and might vote with their feet if we don't pay any dividends. I think we should identify our existing shareholder groups and make a decision based on what the majority prefers" (see Table 1 for shareholding information)