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To: superiorslots

The only responsibility a CEO has is to the owners of the company, the stockholders. If they can do something legal that will increase value and/or profits, then they would be denying their responsibility if they didn't do it.


365 posted on 07/27/2005 5:41:09 PM PDT by durasell (Friends are so alarming, My lover's never charming...)
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To: durasell
The only responsibility a CEO has is to the owners of the company, the stockholders.

Or maybe to his family and himself?

368 posted on 07/27/2005 5:47:28 PM PDT by A. Pole (The Law of Comparative Advantage: "Americans should not have children and should not go to college")
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To: durasell; All

I know things are fine now, however, there are some problems and the problems are idiotic lawsuits, over regulation, over taxation, idiot kids, and much more.


386 posted on 07/27/2005 7:28:42 PM PDT by KevinDavis (the space/future belongs to the eagles, the earth/past to the groundhogs)
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To: durasell
The only responsibility a CEO has is to the owners of the company, the stockholders.

The legal corporation entity may be the real culprit behind the decline of American civilization. When a company exists on paper for the sole purpose of obtaining profit with the minimum possible accountabililty then there's bound to be problems. Small mom and pop businesses and small business (less than 500 employees) in general are way more accountable day to day and over time than are large multi national corporations that act more like robber barons.

390 posted on 07/27/2005 7:35:32 PM PDT by Podkayne (Hear no evil, See no evil, speak no evil begets more evil)
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To: durasell
The only responsibility a CEO has is to the owners of the company, the stockholders. If they can do something legal that will increase value and/or profits, then they would be denying their responsibility if they didn't do it.

This statement is so wrong on so many levels I don't know where to begin.

439 posted on 07/28/2005 7:53:08 AM PDT by austinite
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To: durasell
The only responsibility a CEO has is to the owners of the company, the stockholders. If they can do something legal that will increase value and/or profits, then they would be denying their responsibility if they didn't do it.

Ummm, yeah.

I'll believe that when Carly Fiorina gets burned at the stake for destroying tens of billions in shareholder value, then getting rewarded with seven-figure severance packages.

No cheers, unfortunately.

590 posted on 08/01/2005 9:05:55 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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