Skip to comments.Washington to Give Unions More Power to Tell Corporations What to Do
Posted on 05/01/2010 11:28:13 PM PDT by Nachum
Senator Chris Dodd (D, Conn.) wants to give unions more power in the boardrooms of our nations businesses. In essence, Dodd wants to force corporate boards under the thumb of unions by federal fiat.
Carefully hidden in Dodds new regulations are provisions that give new powers to board members, powers aimed at giving unions more say in the operations of businesses from the inside through investments of pension funds.
(Excerpt) Read more at canadafreepress.com ...
Actually I see this as this administration giving themselves power in the boardrooms of business and industry since the union operates via them.
You weren’t supposed to connect those dots. That’s fine, I’ve got just the job for you at the work camp.
The headline is misleading, it should read:Senator Chris Dodd (D, Conn.) wants to expropriate property belonging to stockholders and give it to favored political cronies.
Power in the board room is power to allocate corporate assets away from stockholders and to employees. This is naked taking of property without due compensation but the American court system will not regarded it as such, rather it will be styled a permissible regulation. The power to vote in a board room is a property right.
A few articles back we have an account from Forbes Magazine of the expropriations of power plants by Communists in Bolivia. I was tempted to add a reply which said that if Eva Morales had patience he could simply wait for international Cap and Trade treaties to do the expropriation for him. I had forgotten that in America we can also do it by way of financial "reform" legislation.