Posted on 08/19/2019 6:37:05 AM PDT by Doctor Freeze
Goebbels said it best when asked to describe the difference between German national socialism and Russian communism/socialism.
“.....
In communism/socialism the state owns/controls the means of production.
In our system we control\own the man that owns\controls the means of production.
.........”
Sounds like they are ripe to be sued under Delaware law.
They could start by getting their own compensation reduced and invested in profits. Nobody is worth what they make. Compensation committees are ignorant or corrupt or both.
I think they are looking ahead to an era where the only corporations that will be in business will be the ones that the government ALLOWS to be in business.
So they got out ahead of the sucking-up curve.
The first three definitely contribute to the long-term value of the company and, therefore, of shareholders.
The last one would depend a lot on the specifics. The best way to support the communities you are in is to provide stable long-term employment so the employees would be inclined to do that.
It WOULD NOT mean contributing to shake-down schemes such as Sodomite Pride Parades or lining the pockets of people like the Not So Rev. Al Sharpton.
I am already out. If I were to go back, it would be into growth dividend funds.
But this doesn’t have to happen with Big Business. These companies do not belong to their executives - they are the property of their shareholders.
Our govt used to belong to us also..........................
I am a much bigger proponent of small business. Trumps tax plan does encourage this. Unfortunately there is still too much regulation..........................
Large corporations basically survive off the momentum they worked for long ago....
This momentum allows the to survive all sorts of stupid decisions.
I wonder how this philosophy is working out for the dope at Gillette. Actually had the company not been purchased by PandG, it would be one of those recently delisted.
and in fascism, we own it and they control it.. We have moved into fascism.
https://mises.org/library/vampire-economy
These companies are most likely privately held.
The last one would depend a lot on the specifics. The best way to support the communities you are in is to provide stable long-term employment so the employees would be inclined to do that.
It WOULD NOT mean contributing to shake-down schemes such as Sodomite Pride Parades or lining the pockets of people like the Not So Rev. Al Sharpton.
Great read on the unstated challenge faced by those that do value shareholders and employees...
I feel we’re in for a downward ride of epic proportions. Not sure how it all shakes out but it’s ahead.
Large corporations basically survive off the momentum they worked for long ago....
This momentum allows the to survive all sorts of stupid decisions.
That’s what they say in their statement. Unless they are idiots who don’t want to keep their jobs, the bottom line still is company profits, which translates to shareholder value. No profit ... no company ... no company ... no employess.
Except the shareholder should be at the top of the statement, first priority.
It is ONLY through profits that owners are reminded they are serving their customers. The moment that stops being the central priority, owners no longer serve others first and begin serving their own desires (environmentalism, the homosexual agenda).
I could stand for a little less myopic fascination with quarterly earnings and more with long term value to shareholders and to the freedoms that make all this possible.
The tip of the hat to employees is good also vs the last decades’ obsession with labor arbitrage.
So why do we buy stocks?
Serious question. And I do believe stock holders are the LAST on the list of concerns.
The progressive-corportist alliance will be the death of this country and with it liberal democracy. Main Street USA is outflanked.
This is what happens when corporate management no longer has to worry about a hostile takeover.
Or any upset in upper management at all. Perhaps these notions are being pushed by the business schools now. I can just see the case studies: Hersheys Utopia, PanG/Gillette social justice program for instance. Is the era of socialized corporations here now?? Probably wrapped around the enviro nonsense like how energy efficient electric cars are while ignoring where the electric is generated.
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