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Why does anyone need more than 10 or 20 million dollar anyway?

One possibility is for corporations to issue two kinds of shares, control shares (which have little or no financial interest), and profit shares (which contain all the financial interest).

That way, people who’ve built big companies and want to retain control of them, without having to keep control of excess billions of dollars, can do so be retaining most or all of the control shares, while doing what they want with the profit shares, such as donating them to charities or foundations.


21 posted on 10/31/2007 12:04:57 PM PDT by Angry Citizen 2
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To: Angry Citizen 2
One possibility is for corporations to issue two kinds of shares, control shares (which have little or no financial interest), and profit shares (which contain all the financial interest).

That sounds like how the New York Times is organized. If you separate control from ownership you get idiots like Pinch Schulzberger in charge of your company.

24 posted on 10/31/2007 12:08:40 PM PDT by KarlInOhio (May the heirs of Charles Martel and Jan Sobieski rise up again to defend Europe.)
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To: Angry Citizen 2
Why does anyone need more than 10 or 20 million dollar anyway?

It takes at least 50 mil to be "The Man."

28 posted on 10/31/2007 12:11:55 PM PDT by HIDEK6
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To: Angry Citizen 2
Why does anyone need more than 10 or 20 million dollar anyway?

What business is it of anyone, other than the person who EARNED it?

One of my favorite things about the phrase, "From each according to his ability, to each according to his need," are two simple questions: Who gets to say what YOUR ability is? Who gets to say what YOUR need it? Let's say that you're not performing up to your ability? Does your need get reduced along with it? Where are the incentives to excel at your job?

What you're asking is an evil question. Yes, I said it's evil.

Mark

51 posted on 10/31/2007 2:23:27 PM PDT by MarkL (Listen, Strange women lyin' in ponds distributin' swords is no basis for a system of government)
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