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Lee

Newbl Citizen
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Everything posted by Lee

  1. Lee replied to V.3's topic in Economy
    This country really started going to crap after Reagan was installed and the concept of "shareholder value" took hold. Before that, corporations were more or less citizens of their communities and contributed to them, and provided stability to the workforce. CEO's salaries were, by today's standards, only modestly more than workers. But under "shareholder value" CEO's had a fiduciary responsibility to drive up share prices, and they were incentivized by being paid mostly in stock options. This led to layoffs, leveraged buyouts, offshoring jobs, etc. The immortality of the corporate "person" meant there was no risk to them for doing these things. My solution? Corporate charters should only last for a fixed time after which they either die or become employee owned. Investors will have had time to make a fair return on their investment, and workers can claim the revenues stolen CEO's, hedge funds and the like.
  2. I support dis-empowering corporations, but I don't get how a boycott lasting just a few days will work. The corporations know that we will still be buying stuff, just on a different day, so they lose no money. There needs to be a way to let the corps KNOW that we are making PERMANENT changes to our buying habits. It would be better if we could do a boycott for far longer, like a month, but I know that is not possible for most people. I don't really know the answer, though...

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