Congratulations Mr. President

Discussion in 'The Red Room' started by Pylades, Jun 10, 2009.

  1. Pylades

    Pylades Louder & Prouder

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    A very good decision from what I can tell here. Now, there are obviously a few ways it could have been better ("special master" - really?) and from a purist POV the government obviously has no role in dictating to companies how they set up their committees (don't want shareholders voting on pay - well, then you'll just have to take the associated discount...) but considering where we're coming from (with more of the same but in the other direction), I think I actually prefer it this way.

    More power to shareholders usually isn't a bad thing. Sure, you could argue that shareholders already have some of that power by electing the BoD and there may be some disadvantages but seeing how institutional shareholders are so vastly more important than individuals, I don't see a huge downside to this. :techman:
    • Agree Agree x 1
  2. RickDeckard

    RickDeckard Socialist

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    Since the public now either owns these companies or should own them through having prevented them from going bankrupt, Obama has a hard neck not telling them to run things in the public interest.
    But as usual, the taxpayer takes all the risk for no reward.
  3. Captain J

    Captain J 16" Gunner

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    Especially since he is worse than all of them combined. :rotfl:
  4. $corp

    $corp Dirty Old Chinaman

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    There are two types of shares - the ones that give you voting power, and the ones that don't. Is Obama now saying that everyone that has shares can now vote? :wtf:

    Shareholders pick a board of directors to handle stuff like this, usually.
  5. Scott Hamilton Robert E Ron Paul Lee

    Scott Hamilton Robert E Ron Paul Lee Straight Awesome

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    Since he's destroyed the concept of preferred stockholders taking precedent over other's on debt/obligation repayment, it makes sense he would give those holders votes.

    That's what you do to poor people - you allow them to vote for you. Thus, Obama is giving them votes and making them poor at the same time.
  6. Rimjob Bob

    Rimjob Bob Classy Fellow

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    I don't see how giving shareholders more power could possibly be a bad thing. Businesses, like government, should be as democratic as possible.
  7. Chris

    Chris Cosmic Horror

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    From the mistaken opinion that many cooks would not spoil the pot.

    Democracy ensures that the least common denominator governs, decrees. A fickle and shallow electorate vote for bread and circuses every time.
  8. Rimjob Bob

    Rimjob Bob Classy Fellow

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    "Bread and circuses," which is contrast to what's been happening on Wall Street of late, yes?
  9. Azure

    Azure I could kick your ass

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    I would prefer he leaves shareholder issues to the shareholders themselves.
  10. Storm

    Storm Plausibly Undeniable

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    What kind of retarded are you? The shit-smelling drooling kind or a public school student?

    :bergman:
  11. Chris

    Chris Cosmic Horror

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    Optimates and the Populares; eternally at odds.
  12. Azure

    Azure I could kick your ass

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    The retard that doesn't understand how businesses function.

    On par with most Democrats it seems.

    :bergman:
  13. Chris

    Chris Cosmic Horror

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    What are you, looking for brownie points?

    Write something original you sycophant.
  14. Azure

    Azure I could kick your ass

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    :blink:
    • Agree Agree x 1
  15. Chris

    Chris Cosmic Horror

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    I know you're a foreigner, but do try to comprehend the language before you speak.

    If only for your sake.
  16. Volpone

    Volpone Zombie Hunter

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    :itsokay: You got pwned. Just own up and take it like a big boy.
  17. Chris

    Chris Cosmic Horror

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    Don't you have fortune telling machines to be crying to?