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Old Today, 09:24 AM
 
477 posts, read 98,386 times
Reputation: 591

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Quote:
Originally Posted by dman72 View Post
I think the bottom line is that in exchange for limiting individuals liability, there was supposed to be some public benefit to enabling corporations. .
It also deals with the problem of large-scale joint ownership.
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Old Today, 09:28 AM
 
37,753 posts, read 16,348,227 times
Reputation: 8561
Quote:
Originally Posted by chopchop0 View Post
Funny, considering most of the trump tax cuts went to stock buybacks, while the Maga base focused on the shivers going for $1000 bonuses to workers lol

https://www.cnbc.com/2019/08/19/the-...objective.html

"While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders," said the statement, which signed by 181 CEOs. "We commit to deliver value to all of them, for the future success of our companies, our communities and our country."

"The American dream is alive, but fraying," said Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. and chairman of Business Roundtable, in a press release.
cnbc, really?
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Old Today, 09:29 AM
 
9,407 posts, read 2,881,863 times
Reputation: 5682
Quote:
Originally Posted by chopchop0 View Post
Funny, considering most of the trump tax cuts went to stock buybacks, while the Maga base focused on the shivers going for $1000 bonuses to workers lol

https://www.cnbc.com/2019/08/19/the-...objective.html

"While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders," said the statement, which signed by 181 CEOs. "We commit to deliver value to all of them, for the future success of our companies, our communities and our country."

"The American dream is alive, but fraying," said Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. and chairman of Business Roundtable, in a press release.
Well, no **** Sherlock.
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Old Today, 09:29 AM
 
Location: USA
18,736 posts, read 9,171,343 times
Reputation: 14083
Trump bad. Yada, yada, yada. More than getting old.
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Old Today, 09:30 AM
 
37,753 posts, read 16,348,227 times
Reputation: 8561
Quote:
Originally Posted by corpgypsy View Post
Hmmm...It appears the Business Roundtable might be considering 2 things:

1) Mr.Trump and the GOP will suffer staggering losses in the 2020 election

2) They have a deep fear of what the Warren effect will be on business, and are now trying to get ahead of the changes to come.

Random thoughts:

A great big shout out to Rep. Katie Porter of California's 45th district...keep up the good work!

Corporations cared about their employees and the local community in the mid 20th century. The Reagan revolution turned them into cut throat capitalists.
"Mr.Trump and the GOP will suffer staggering losses in the 2020 election" the SAME things were said when Trump took office. Didn't happen then and WON'T happen later.
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Old Today, 09:44 AM
 
7,409 posts, read 3,819,284 times
Reputation: 3848
Quote:
Originally Posted by stburr91 View Post
This is laughable.

Our problem in this country has been that some many companies have moved their operations, and investments overseas, abandoning the communities, and people that depend on them.

Thank goodness we have President Trump working so hard to reverse these policies, and renegotiate trade deals.
This is laughable. I retired from a steel mill that today has 700 workers producing the same tonnage as the 3,200 produced when I began working there in 1972. Indeed it has hurt the surrounding communities but they didn`t move their operations.
This company was set to call back workers to a shuttered plant to roll ingots from China until Trump nixed the deal. These alloys are proprietary and cannot be made by the U.S. company if someone is wondering why we can`t make the steel here. 100 good paying jobs may not happen.


https://steelguru.com/steel/trump-tr...request/505625
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Old Today, 09:45 AM
 
52,384 posts, read 42,133,031 times
Reputation: 32693
Quote:
Originally Posted by corpgypsy View Post
Corporations cared about their employees and the local community in the mid 20th century. The Reagan revolution turned them into cut throat capitalists.
So partisan that you can't even process reality.
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Old Today, 10:03 AM
 
1,484 posts, read 294,334 times
Reputation: 1775
Well I'll wait to see the headlines about these 200 companies going private so they don't have to rely on shareholder money anymore.

Dog and pony show folks so that Warren, Sanders, Harris won't call them out and if they do then they can repeat their "social promise" and point to this signed statement.
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Old Today, 10:10 AM
 
52,384 posts, read 42,133,031 times
Reputation: 32693
Quote:
Originally Posted by TMSRetired View Post
Well I'll wait to see the headlines about these 200 companies going private so they don't have to rely on shareholder money anymore.

Dog and pony show folks so that Warren, Sanders, Harris won't call them out and if they do then they can repeat their "social promise" and point to this signed statement.
They should have all gathered and signed it in Kyoto, that makes it super extra double good effective.
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Old Today, 10:10 AM
 
2,443 posts, read 669,198 times
Reputation: 2554
Quote:
Originally Posted by Mathguy View Post
So partisan that you can't even process reality.
Really?

What they’re describing, in this new policy statement, is what was the standard view before the mid-1980s — before the shareholder value idea really started to spread.

The newly announced statement, if you read the article, returns to a more stakeholder-driven approach to governance that some CEOs have individually advocated for in recent years. It comes more than two decades after the Business Roundtable, in its 1997 statement about corporate governance principles took an explicitly shareholder-first stance.

In 1997 it stated: “The Business Roundtable wishes to emphasize that the principal objective of a business enterprise is to generate economic returns to its owners”.

This 1997 concept often known as “shareholder primacy,” or a corporation’s duty to maximize shareholder value — grew to prominence in the mid-1980s and became a widely accepted governance norm, one that critics say has driven a fixation on short-term results and helped balloon the size of CEO pay packages, fueled by outsized stock awards.
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