reply to post by CB328
Allow me, if I may, to break it down for you.
First, the intentional doublespeak around "publicly" traded companies.
When we refer to a public school or public library or a public space, these are references to entities which are supported by tax payer money (or tax
payer debt since our nation is bankrupt).
Meaning that they belong to the people.
So why do they label private, for-profit corporations as "publicly" traded? Wouldnt it be more accurate to call them "privately" traded?
Thats the first deception.
The second is this idea that you or I as share holders have some say in the operation of the company. To further establish this illusion, these
"publicly" traded companies have shareholder meetings where people can vote on certain topics.
So tell me, if you and I can allegedly dictate the direction of these corporations, why is CEO pay never a voting issue (especially when 95% of people
think they earn too much)?
Because in actuality, we have no say.
The Board of Directors with the majority share holders (rarely discussed) are in charge and they could care less what you and I, with our 200 shares
Fund managers using your money will continue to support these entities. Its one big brotherhood.
Just keep handing over your money. If the stock price goes up, yay! If it tanks, oh well.
edit on 3-9-2013 by gladtobehere because: (no reason given)