Posted on 06/24/2006 10:28:20 AM PDT by Tolerance Sucks Rocks
Boards tend to control significant portions if not the majority of shares. The average shareholder doesn't have a real vote even if he bothers with a proxy vote.
The masses MIGHT do it, if they cared. But they've been carefully conditioned to think that the GOVERNMENT will fix their problem.
And those of us that DO own stock, many of us own it via our 401Ks, IRAs, or Mutual Funds, where we don't VOTE the shares held. . .
You'd think that would be self-evident, but not in these knee-jerk times.
capitalism isn't well served by little napoleons with an entitlement complex forming a cabal and taking hundreds of millions out of their companies by gifting one another on the corporate treasury.
Thanks for buying into that perception. I don't give a damn what liberals think of me.
Of all the negative attributes that one may fairly attribute to the worst of them, you have much of them, in spades.
Hey, thanks for the compliment!
I bet your momma, is so proud....
She is. My first post ever on FR is on her refrigerator.
theft isn't capitalism!
In this statement lies the problem...if all us un-motivated workers didn't produce the widgets, there would be no bloated pensions. You think that because some moron has an MBA from Harvard (and I know two individuals who fit this bill!), he/she deserves a 100 million kiss when they leave a company? Please...
You object to the truth when it discloses the looting of corpoations on a high level? Who is a Maxist? You sound like a corporate communist stealing from the citizens under a different banner than the Reds.
So you agree that there are modifications that can be made to the system without being "socialist"...right?
Read the other replys to you on this thread ---how many stand in agreement with you, think that's it's ok for CEO's to rip off the companies they manage, just because they can get away with it (most of the time).
Not many.
Ever heard the word "ethics"? Did your daddy teach you anything concerning them? Apparently not!
You really don't get it. I doubt you ever will.
You are a shame to FreeRepublic. One of the worst of them all.
Why don't you take a hike, like permanently, you're making the rest of look bad.
(Denny Crane: "Every one should carry a gun strapped to their waist. We need more - not less guns.")
In the end, excessive executive compensation is one of the things that killed Marxism; the party elite rewarded themselves with dachas, cars, wealth and privilege. It made the ordinary soviet citizen even more of a cynic about the system he lived under.
Who knows? Maybe America's executives can do the same for capitalism.
Aha! I see that you understand where all the Amerikan Communists have gone ... to business school to learn how to raid American corporations ... and to the boards of all the once great Foundations ... where they have perverted the intent of those generous Americans who set up the foundations ... in order to further their [the American Communists]'s own goals.
Well said. These guys are going to kill the goose that lays their golden eggs.
The average American is a believer in the free market. He's fine with corporate executives making more money than the guy on the shop floor, even a lot more, especially if the organization is doing well financially due to skillful management.
Executives nowadays make far more money, in proportion to what their workers earn, than they did at any time in the past. And by and large, the workers have gone along with this, because they have mostly been doing better over the years also. Criticism of the amounts the fat cats earn has mostly been confined to the hard Left.
However, Joe Six-pack is not going to stand by while his pension is turned to ashes by incompetent bungling executives, who reward themselves with massive salaries, benefits, pensions, buyouts, and golden parachutes, while the company falls to pieces around them. There has to be accountability and if there is not, the cure will be worse than the disease.
High ranking executives had better get their s**t together now, because they stand to lose far more if disgruntled share holders ally with disgruntled workers to impose reform by legislation.
-ccm
OK, you're right. Capitalism isn't perfect but it's better than the alternative - Socialism. (I'm always amused that the Left enjoys using the term "cabal" all the time.)
There is a vast difference between capitalism and corporatism. God you're annoying.
Class warfare from the Wall Street Journal?
Them that have, get.
Or – as said on a comic strip way back when, “He who has the gold makes the rules”.
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