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SBD/July 26, 2013/Franchises
Packers Hold Annual Shareholders Meeting, Expect 8% Uptick In Revenue This Season
Published July 26, 2013
WAY OF LIFE: In Green Bay, Rob Demovsky wrote Thompson "revealed little or no news" at the meeting, "as has been his custom during this annual address." Each "accomplishment mentioned" by Thompson and Murphy was "met with rousing applause, which showed just how far they have come since the summer of 2008 when fans were discontented over the way the Packers handled quarterback Brett Favre’s exit." Murphy: "I could not be more pleased with the job Ted is doing, and I hope you all feel the same way" (GREENBAYPRESSGAZETTE.com, 7/24). THE MMQB's Andrew Brandt, a former Packers VP, wrote, "The shareholders’ meeting always reaffirmed my belief that the Packers are much more than a football team." They are a "community, a way of life." Many "consider their Packers stock, which isn’t transferable and has no dividend potential, to be one of their most valuable possessions." Brandt: "When managing the Packers’ payroll and contracts, I often thought about what was in the best interest of shareholders. I viewed myself as a steward of a public trust" (MMBQ.SI.com, 7/24).