Nicolas Sarkozy: Davos tirade strikes at heart of matter

When Nicolas Sarkozy, the French president, wandered off script during his tub-thumping speech bemoaning the vagaries of capitalism at Davos last week it was to ask what role "shareholder value" has in driving companies towards short-term goals at the expense of long-term strategy.

He called for a radical rethink on how we judge a company's performance and that it was only in a world dominated by a short- term market that companies supposedly changed in value hour by hour and day by day.

Paul Polman, the chief executive of Unilever, raised similar concerns when he said it was time to move beyond the concept of shareholder value – often driven by an obsession with the quarterly report on revenue and profits – if companies were to be viable for "500 years" rather than until the next dividend.

Shareholders could be forgiven for smelling a rat here. Many of them have suffered greatly during the financial crisis as dividends were cut.

There is always a suspicion that executives would rather line their own profit portfolios than pay a fair amount to the people who stick their money in their business.

Talking of the tyranny of the quarterly report can also often be an excuse for giving less information to investors. In a world where transparency should be the norm, that is a dangerous precedent.

As Indra Nooyi, the chief executive of PepsiCo, says in her interview with this paper today, the quarterly report keeps executives on their toes and "running as fast as they can".

Another chief executive I spoke to admitted that the quarterly report was something of a nightmare but was a necessary evil, particularly when companies were fundamentally changing what they do or were involved in acquisitions or turnarounds. And that covers an awful lot of companies.

We need to look back to get the big picture. In 2001, The “Reform Institute” opened it’s doors. This McCain endorsed, and Soros funded organization eventually gave us the McCain Feingold Act. It was full of loopholes, recently determined unconstitutional by the Supreme court, and we now know it enabled millionaires to purchase a president.

McCain Soros

Soros agenda

Soros Influence in American Culture

"McCain's Reform Institute for Campaign and Election Issues received generous funding from several Pewgate foundations, including the Carnegie Corporation of New York, the Jerome Kohlberg, Jr. Revocable Trust, and George Soros' Open Society Institute,"wrote Horowitz and Poe in

The Shadow Party. explaining how McCain Feingold was funded.

A few years later, in 2007, the Fat Cats gathered again in NY, to plan the world’s future, like they’re trying to do in Davos.

In this article, “How Barrack Struck Financial Gold”, we will get a preamble of the various Tarp recipients.

http://nymag.com/news/politics/30634/#ixzz0dj1dVrZ9

“The investment banker Robert Wolf, UBS CEO (Swiss tax evasion and money laundering Bank), first met Barack Obama. UBS money Laundering

To put it simply, Obama's entire agenda is about a bunch of Fat Cats who bought themselves a President, who in turn is giving them their money's worth. It is Soros' agenda for America.

-Look at every one of Obama’s bizarre Czar’s. Anne Marie-Slaughter: Director for Policy Planning, - In 2005 she was part of Soros “Restoring American Leadership 13 Cooperative Steps Program”. In the 1980’s she helped the Sandinista government of Nicaragua bring suit against the United States in the International Court of Justice for violations of international law, in the case Nicaragua v. United States (1986).

http://www.soros.org/initiatives/washington/articles_publications/publications/leadership_20050401 or Richard Holbrook: Afghanistan Czar with deep ties to Soros and his underworld.

http://tarheelpundit.com/2009/09/07/afghanistan-czar-richard-holbrooke/

- 200 hundred days into the Obama administration, and 16 years after Soros began his advocacy for drug legalization and promoting "medical marijuana," the DEA is getting into the drug dealing business.

http://www.forbes.com/2009/08/13/george-soros-marijuana-legalization-opinions-contributors-rachel-ehrenfeld.html

Soros policy is everywhere.

Every one of the CEO's who received Tarp money are political heavy hitters and donate in the millions. The foreign entities who AIG funneled money to, once again tied to? George Soros.

In 2009, AIG spent over $2.2 Million in Federal “lobbying”.

http://www.opensecrets.org/lobby/clientsum.php?lname=American+International+Group

Lloyd Blankfein, CEO Goldman Sachs, made $42.9 million in compensation in 2008, soon after Goldman Sachs, received $10 Billion in Tarp funds. Goldman Sachs has also spent over $31,437,825 in political lobbying.

The media is focused on the bailout and bonuses of a failed company with over $160 Billion of US tax dollars. The real problems is that AIG funneled over $62 Billion of that money, to foreign companies which were not eligible. Such as the tax cheat and money laundering UBS, managed by Soros pal, Robert Wolf (from the 2007 Soros luncheon).

In 2009, the Swiss Banks who received the Tarp money intended for AIG, were fined for funneling money to American banks, with falsified documentation, from sponsors of terrorism such as Libya, Iran, and Cuba.

Swiss Banks falsification of documents from terrorist nations. “Investigators found that Credit Suisse’s employees violated both state and federal laws by falsifying outgoing dollar payment messages that involved Iran. The bank’s employees removed reference to Iran or its banks, a practice called stripping.”

Also to benefit was French bank Societe Generale, which was implicated with Soros in 2002, when Soros was convicted of insider trading. The payments are in dispute, along with the, cover up.

Federal Cover Up

http://www.dailyfinance.com/story/investing/federal-reserve-trying-to-preserve-its-bailout-secrets/19311582/

There is still little mention of Tarp funds that are being recycled back into politicians coffers, which is another little problem.

Tarp Political Donations

The media silence regarding our new Cleptocracy, is ominous.

The free market did not cause this crisis, the government did.

The free market did not take us off the gold standard, the government did.

The free market did not dump trillions of dollars of cheap money into the system, the government did.

The free market did not create multiple trillion dollar entitlement programs, the government did.

The free market did not create Fannie Mae and Freddie Mac (and let’s not forget Ginnie Mae and Sallie Mae!), the government did.

The free market did not write a tax code that favors one product (real estate) over others, the government did.

The free market did not pass laws that force banks to lend to those who do not qualify for a loan, the government did.

This crisis is the result of a giant social engineering experiment and vote-buying scheme gone tragically wrong.

The free market does not try to engineer society or buy votes, the government does.

The government caused this crisis, the free market did not.

The government cannot fix the crisis, the free market can.

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