[quote]orion wrote:
pittbulll wrote:
orion wrote:
pittbulll wrote:
orion wrote:
pittbulll wrote:
orion wrote:
Ryan P. McCarter wrote:
orion wrote:What are “high” wages?
What profits are “parasitic”?
Both are market signals without any intrinsic emotional connotation.
Neither term I used contains any “emotional” connotation. “High” wages would be “high relative to similar positions,” or what have you. Wall Street bonuses would certainly be an example of “parasitic” rates of profit. As some others have noted, it’s getting to the point where the management is butting heads with shareholders, parties whose interests are supposed to roughly coincide.
There is no butting heads-there never will be.
If shareholders do not want to pay said wages anymore they no longer will.
As long as they are willing to do that they expect to get even more than themselves out of it.
So, as long as the shareholder pay their salaries, as high as they may be, it is worth it to the shareholder who are incidentally the ones who also pay it.
Since value is strictly subjective this is really all that matters and those salaries cannot be “parasitic”. The host expects to benefit. The word is “symbiotic”.
Share holders have very lttle power, The ones in power want to remain so.
They can always walk away.
You more collectivist oriented types never seem to get how important that is.
You cannot walk away if you want to maximize your investments, do you have any money in the market ?
So if you want the best outcome you stay in them?
Um yeah, they are your best bet now.
But you do not welcome the save haven, you think they charge too high a fee?
Then turn your boat around and face the stormy seas.
But you have avoided answering the staement that share holders control anything , The people incontrol are the ones making all the money , And if you have anyway to alter wo has all the money you get your share So the people in control stay in control
This brings us to the point I made before.
Shareholders can walk away and that is an important thing.
They do not need to invest in shares, they can buy bonds, they can buy commodities, they can spend it and they can hide it under the mattress.
Ultimately if a company does not offer good enough a deal they can simply walk away and that is all the control they will ever need because they can do that in mere seconds and every manager knows this.
What more do you want?
What shareholder is interested in micromanaging a company?
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Then we agree share holders can walk away anytime they like , but other than that have very little power to influence a company