They are in the U.S. The law is explicit: it is the purpose of a for-profit corporation to increase the value to the shareholders. Any director who fails to do so can be held liable in what is called a "shareholders' derivative suit."
Capitalism can not eradicate poverty
- Thread starter gore0bsessed
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That's not what I said, but that's OK. I don't expect you to comprehend the difference. I don't think you're capable of it. Something you and Boomster have in common.
Funny how no one wants to recognize that all this bonus money got taxed into oblivion to support the myriad of social services that are now considered a birthright these days
WHAT risk?
The risk that you'll drive your bank or company into the ground, get ten billion dollars of government money, and pay yourself a $20 million bonus out of that?
Big risk there!
Here's a list of the recipients of $US 2,085,000,000,000.00 in government bailouts of private companies since 1970.
History of U.S. Gov’t Bailouts - ProPublica
So I ask again, what risk?
Who knew that the 15 companies listed represented every corp entity in the US since 1970
Learn sumptin new every day I guess
Learn sumptin new every day I guess
Usually something wrong, in your case.
For example, you have "learned" today that fifteen bailouts must mean fifteen companies. Well, I guess that would make sense if you think that "Airline Industry" is one company. Or if you think that "Savings & Loan" is one company. Or if you think that "Auto Industry" is one company, despite the fact that the paragraph says it's three companies. Or, of course, if you think that the TARP only covered one bank.
Late night drinking and watching hockey?
I simply found it interesting that the uber-overgeneralization was so ineffectively represented by the handful of companies over this 45 year period.
More interesting was the inclusion of NYC, Fannie Mae, Freddie Mac and AIG... Add to this the banking system that is apparently under the scrutiny of the Feds and we seem to see an interesting trend here.
PS - I notice that Solyndra didn't receive Honorable Mention.
I might ask the same of you after reading your earlier contribution
The math changes pretty drastically when one accounts for this
That's all I can be bothered with. I'm getting tired of narrow-mindedness. What I just said to Cliffy applies to you as well.