shareholders should revolt
Posted on 08/19/2019 6:37:05 AM PDT by Doctor Freeze
Hobby Lobby won their Federal challenge to some of ObamaCare's provisions by making the case that their privately-held corporation was established for the purpose of conducting business based on religious principles. These principles are written into their corporate bylaws and other founding documents.
"Social responsibility" is a nebulous statement that can include any number of reasonable things. I know of one major company that was ready to relocate its headquarters out of my home state back in 2010, but they made a corporate decision not to do so -- even though it would have been a great move from a financial standpoint -- because they determined that it would be too disruptive for their employees. They had gone through a major downsizing after the 2008-09 recession, and they placed a high value on the loyalty of those employees who remained.
Anyone ask ‘Papa John’ about control of HIS company?
A great reason to NEVER, EVER let YOUR control of YOUR company be any less than .50000000000000000001%.
And that includes your wife, your family, your anything. as long as you hold a smidgeon more than the rest combined, you ain’t going anywhere..
Remember, there may be a day when your wife and/or family ‘turns’ on you and sells their .01 percent of YOUR company, thereby putting YOU under 50%...
A lot of companies are infested with the “social justice” type schmuck.
“
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.”
Yep. Two simple sentences that can replace the thousands of books on communism and fascism.
Thanks for reminding me about the interlocking directorships. I was going to mention it. Yeah, the best part is where they decide each others pay!
if your name is on the side of the building, what you do and what you pay yourself is no one elses concern. If not, and that is the case for just about every fortune 500 today, you are caretaker management, maintaining your gigantic salary and power, like our Congress for example.
Court decisions and banking laws make this statement questionable. Toxic incentives will keep things like they are...
Doesn't the BOD have a fiduciary duty to run the company (including hiring execs) SOLELY for the best interest of the shareholders???
That's true.. the "Wall Street Rule" is vote with your FEET!
That wealth was spent long ago. We survive as a nation on credit. We are slaves to the banks and every decision we make reflects a slave/ master relationship.
Depending on what they’re replacing it with that could be a good thing. The church of shareholder value has led to short term thinking. Companies wanting this quarter to look sexy with no thought to what position it puts them in for next year. Layoff now to get costs down, don’t worry about the fact that you no longer have people developing new products.
They must have enough capital already. Their employees ought to follow suite and care about the world outside the purpose of their jobs. The checks will be guaranteed soon.
“Doesn’t the BOD have a fiduciary duty to run the company (including hiring execs) SOLELY for the best interest of the shareholders???”
Yes, in fact it is the very most important function of a BOD of any publically held company.
Whatever else one thinks of this, it was always ridiculous to say that shareholder value was the #1 objective of a corporation. I think that notion had its origin to give the globalists cover as they exported millions of US jobs and plants to cheap labor nations.
If quality and value are delivered to the customer, shareholder value will follow. If you don’t satisfy the customer, some other business will.
Okay, this seems like an economic indicator for recession.
Hollywood producing endless “woke” movies that nobody wants to see and costs them millions. No problem.
Retailers trying hard not to offend the rapist and pedophile lobby by refusing to keep adult men out of their women’s restrooms.
But I have to laugh that the chairwoman in charge of the Democrat Congressional Campaign Committee (DCCC) is firing all the competent people because she insists they must be more diverse, even if they have no idea how to do their job.
shareholders should revolt
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