This started from laws passed that put a cap on CEO pay. The result was ways to compensate a CEO indirectly with stock options. A CEO can get $1 million in salary and $10 million with stock options. The result is not only using profits to buy back stock (which used to be outlawed until Congress changed the law) and equally bad is that up…
This started from laws passed that put a cap on CEO pay. The result was ways to compensate a CEO indirectly with stock options. A CEO can get $1 million in salary and $10 million with stock options. The result is not only using profits to buy back stock (which used to be outlawed until Congress changed the law) and equally bad is that upper management focuses on short term stock prices and not on long term growth. They do not invest in R&D or new production except as a last resort. They will eliminate workers and switch to using contract workers in the USA or slave labor overseas.
A big factor in the success of post war Germany was their adoption of codetermination that forces companies to put a large number of workers on the boards. It is what is desperately needed in the United States but our fascist government and judges will never allow this to happen.
"A big factor in the success of post war Germany was their adoption of codetermination that forces companies to put a large number of workers on the boards. It is what is desperately needed in the United States..."
This started from laws passed that put a cap on CEO pay. The result was ways to compensate a CEO indirectly with stock options. A CEO can get $1 million in salary and $10 million with stock options. The result is not only using profits to buy back stock (which used to be outlawed until Congress changed the law) and equally bad is that upper management focuses on short term stock prices and not on long term growth. They do not invest in R&D or new production except as a last resort. They will eliminate workers and switch to using contract workers in the USA or slave labor overseas.
A big factor in the success of post war Germany was their adoption of codetermination that forces companies to put a large number of workers on the boards. It is what is desperately needed in the United States but our fascist government and judges will never allow this to happen.
"A big factor in the success of post war Germany was their adoption of codetermination that forces companies to put a large number of workers on the boards. It is what is desperately needed in the United States..."
.
there's a Bingo.
Corps can fuck off with
keeping Stakeholders off their Boards
.
but How?
Mother Nature gets
a Vote as well