I'm not saying whether he should stay or go. However, even if the majority of the shareholders say they don't want him, he is not automatically out. It is up to the board to make that decision since he is basically unopposed on the proxy ballot. That being said, a board that doesn't listen to its shareholders will lose shareholders. IMHO, they will not remove him as CEO. They will probably remove him from the board. That reduces his power. Just my guess, for what it's worth.