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/sigh
CEO's don't have fudiciary responsibilities. As great as fudge is, it does not create responsibilities. They have Fiduciary responsibilities, but even then the chairman of the board has more and often completely ignores those responsibilities as both line up to stick their faces in the trough of shareholder money.
/financial analyst out
Thank for the spelling correction. The CEO's fought to be also "Chairman"; as their claim was, if they were also chairman, it would enable them not to be hindered by the board if it disagreed.
The sad thing is, the Board should be Independent, but unfortunately, the board reports to the CEO, via the position the CEO holds as being Chairman.
It's a collusion with potential for dramatic mistakes and great harm by bad decisions.
Is trying to get by on a poverty level income greedy?
No, but wanting more money for our labors is greedy. You singled out CEO as being the only greedy party in the capitalism game - everyone involved is greedy. We all want more than we are given.
There is a game on a level far beyond the common citizen:
It involves Banks, Insurance Companies and their Profit Pursuit Underwriting, Attorneys of many specialties, Advisors, Consulting Firms and a large host of other players, who seek to generate means to get paid, This network is directly connected to the influences which are heavy factors upon the CEO and his duty to keep them getting paid. These networks are self supporting of each other and each is individually and collectively void of concerns for the impacts their actions have upon society, community and citizens, because they have been trained to manipulate data for various usages, which becomes a tool of twisting reality, to set up the "pay me now" machine. When that machine has a targeted company in its sight. The demise of the company is spun in the machine, where all these parties get paid and the end result is a sold, collapsed or bankrupt company.
Avarice .... is real...the devastation of the Once upon a Time Powerful American Industrial Complex, is a living example of how powerful and raw Avarice Driven programming functions.
"28,031.00 Dollars A Year" in most American cities is a guarantee that one will find a level of being improvished, and if the household is 2 or more trying to survive on this figure, they will meet many challenges on the economic spectrum of living's basics in the American Model of City Living.
The nature and fall of Detroit, should have been a course study, placed on the top of the agenda when it comes to finance classes, ethic's courses, political science, economics and every other major field of degree certification being offered. This was and is a collosal Collapse that reverbrated Across America.
But maybe even go back further and chronicle the collapse of the Steel Industry.
American Institutions do not care for the truth of this to come forth, many are paid well by the Wealthy to structure their courses in manners which teaches how to fleece any industry or segement of society and take a politically correct "say nothing", blame anyone and anything if it gets the heat off ones back" when caught with both hands and mouth in the cookie jar.
Today, it is nothing more than a host of casino games, guaranteed to destroy any company that someone built up and made the mistake of turning it over to the 'goon gang of brokers and traders and Robber Barron investors".
[/b][/i]
An excellent Post
The Financial Terrorists that own our government are destroying this country for their own selfish gains and are pointing the finger at those that do not have political or monetary power like they do.
The Financial Terrorists that own our government are destroying this country for their own selfish gains and are pointing the finger at those that do not have political or monetary power like they do.
/Yawn.
An equally stupid class warfare comment from the other side would be men in suits pay the taxes that provide the welfare checks tot he denim wearers.
No, but wanting more money for our labors is greedy. You singled out CEO as being the only greedy party in the capitalism game - everyone involved is greedy. We all want more than we are given.
I didn't mention the CEO, I said the corporations are greedy.
Example:
Several years ago I found an excellent value on a quality disposable razor. Several months later, said razors disappeared from store shelves.
A little research revealed that the (discontinued) razor brand was owned by Procter & Gamble....which also owns Gillette, which sells quality razors at much higher prices.
I didn't mention the CEO, I said the corporations are greedy.
Example:
Several years ago I found an excellent value on a quality disposable razor. Several months later, said razors disappeared from store shelves.
A little research revealed that the (discontinued) razor brand was owned by Procter & Gamble....which also owns Gillette, which sells quality razors at much higher prices.
I didn't mention the CEO, I said the corporations are greedy.
Example:
Several years ago I found an excellent value on a quality disposable razor. Several months later, said razors disappeared from store shelves.
A little research revealed that the (discontinued) razor brand was owned by Procter & Gamble....which also owns Gillette, which sells quality razors at much higher prices.
Corporation 1, Consumers 0.
Corporations can't be greedy. That's a human trait.
I wonder how you can be so certain of the reason that the razor was discontinued, just by the fact that they were owned by the same company. There is a whole HUGE host of reasons for doing that, from cost of materials to the fact that what you considered to be an "excellent" razor might not have been selling well.
Yes, you said corporations are greedy. And I said consumers are as well - you want something high value for low cost, no matter what situation the company is in. That's greed.
Alka Seltzer Plus, use to make a product that worked so well, that taken at late evening many symptom of a pre set in cold were gone by morning.
They took the product off the market, "the claim was it was giving people negative reactions", Rarely has a product left the shelves with such swiftness.
People were using "OVER THE COUNTER" Excedrine PM and Tylenol PM, and it was working, they found a way to get this off the market or make changes to reduce the effectiveness, because it cut into the COSTLY Prescription Sleeping Pill Market Shares.
Generally when they do this, the product they later come back with, does not even approach being as functionally effective as the one they took off the market.
The same thing with the small orange "Fleet Laxative Pill", which came 25 to the pack, they worked so well, they took them off the market, or made it very difficult to find them. Because the more costly products found some means to attack these lower cost effective laxative pills'. I would think the big pharmacy competetors had something to do with it.
WHY? Because there is no profit in the cure, only the prolonged treatment generates ongoing high profit margins. So if it works, they will find a way to get it off the market.
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