Posted on 01/10/2012 1:23:20 PM PST by americanophile
obama does NOT hate that which makes him rich. Same goes for romney. Neither one cares who it hurts as long as THEY gain. Neither one of them has a conscience. BOTH are soros clones.
100% Agree.
Profit sharing is the wave of the future.
Disagree. Profit sharing has been a standard in many private companies for a hell of a long time. In the publicly traded world it's called dividends. Nothing new about profit sharing.
I am not as dumb as some want you to believe here.
I don't know you enough to render an opinon on that, but always think the person I am debating is likely smarter than me, which isn't saying much...
I do share profits and it makes my company stronger.
The company I work for does also - and it makes me work harder - the more profit I generate, the more I am rewarded, which is the way it should be.
Unless corporate raiders come to take it, divide it up and raid the pension plans we have put in place. Someone like Mitt Romney
That's where I lose your line of reasoining. If your company is private, or you own the controlling stake, why is that an issue? If your business is floundering and you give up control in exchange for financial help so it doesn't go bankrupt and everyone is out of a job (plus profit sharing) you had a choice to get help and give up control or or go bankrupt.
If you are publicly traded, you made the same decision - you gave up control to shareholders in exchange for their money.
I guess a third scenario is that a "corporate raider" buys up defaulted debt and pushes control, but again, the other option is bankruptcy.
As for the pension plans that are part of the deal - if you or your staff really cared about those as being sacred, you would have seperated those funds (employees and emploers contributions) from the companies books. If you didn't then I would only assume that you have, or want to have the ability to leverage those funds which if so, makes them fair game for you to use to grow your business, and for others to take if your business fails.
What other reason is there, from a business perspective, to provide a pension fund, unless the business wants to leverage or find a way to profit from it? Having such a blanket liability (plus administration costs) with no business benefit seems wrong to me.
Take care.
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