Bill, I know you are going to receive a ton of criticism from laissez faire types who see that monetary influence as the only way to measure anything of value, but this situation highlights a problem I have been seeing with our current system. Ownership as represented by stockholders is so far removed from the consequences of the decision of the company that they (we as mutual fund holders) can not see any other stakeholders in the company.
Large corporations become very similar to governments then because the decisions that people with the power make do not really come back and hit them personally. In the past, if you owned a company in a community, you had friends that worked for you. You had more than a monetary interest in them.
Regardless of the recent pronouncements made by the U.S. Bureau of Labor Statistics (BLS), employment continues to decline.
It’s no big secret, except to the politicians and the mainstream media, that day after day, discouraged job seekers give up their search and are thus not counted in the employment equation.
From technology and overseas outsourcing to lack of job skills and legacy costs, there are a multitude of reasons that are responsible for this continual increase in joblessness. However, perhaps becoming an even more dominant factor in the unemployment rate discussion these days,...
As a result not long after the ownership change has taken place, several companies have uproot completely, not because the company is losing money, but because various other concerns.