sam allen Wrote:
Jan 29, 2013 11:19 AM
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.