"If a takeover were in the works, what actions would one's CEO be taking right now, and is Wes taking them? perhaps he is. He's been awfully sweet to his retail friends recently, should he need us to veto a hostile offer."

Wes could scream profanities in my face and I'd side with him against any hostile advances that screw with my ROI. I don't think he needs to worry about that angle, just the BOD performance. If he is concerned about that then I don't believe the take out advances are a concern.