I don’t care about other countries.
Here, if you don’t want others to buy into your company, don’t go public.
More adventures of the Rat/RINO uniparty. This is why Trump ran for POTUS and why the plutocracy that owns the R/R uniparty and the media are so hellbent to destroy him. He is risking everything, billions in wealth, his families safety, what are we doing?
Greed is good.
Love, G. Gecko
I’d love to see a requirement that when a large corp takes over a smaller one, the larger corp becomes responsible for the pension. Too many takeovers for the sole purpose of raiding the pension funds, and then closing the smaller company in bankruptcy.
Mitt Romney and Bain Capital is another good example of people who have made fortunes by buying up functioning businesses, destroying them and selling off the pieces.
But you don’t have to be an outsider to profit from putting short term profits above long term health of the company. The GE that Jack Welch inherited was the envy of the world with manufacturing operations scattered across the US building unique heavy electric equipment. Jack Welch and Jeffrey Immelt spent nearly 40 years hollowing out GE’s core businesses until the chickens came home to roost. And they got to write books about what great CEO’s they were while they did it.
Having said that, I'll point out that this should be a warning to all of us about the dangers of publicly-traded companies that operate under onerous SEC regulations.
The Board of Directors in one of these companies has a fiduciary duty to look out for the best interests of the investors -- not the workers, not the customers, and not anyone else.
As I posted on an earlier thread on this same topic today ... I've always had a philosophy in business that is aimed at protecting me from the kind of sh!t described here. My philosophy is this: Never let anyone else get control of the company. Does it limit my options for growth? It sure does. But my goal is to NEVER be in a position where I'm forced to make any business decisions against my will.
Just how does someone collect on “sovereign debt” one has purchased at a discount? Understanding the “buying the debt paper” but... WHO enforces the payment of the sovereign debt?
By what means? By enforcing the inability for a nation to borrow money? Is that how? Who they borrow from says— “hey we’ll loan you this money only as long as you pay what you already own”?
America’s monetary soviet central planning agency, the Federal Reserve, has been making debt available at very cheap rates to America’s most connected crony-capitalist bankers for a couple decades now.
Anyone who wants to know the difference between Bill Kristol globalist Republicans and Trump "Republicans" must watch this video.
When I was manager of a small electronics factory In North Carolina I trained my workers well and developed their skills. They were talented and hard working.
I went to the owner of the company and asked if we could give them a raise from $10 per hour to $12 per hour. They were worth it because they were so productive. Some of them were single moms, struggling to meet ends meet. His answer? Tell them to get Food Stamps.
There is your Bush league Republican in a nutshell — asking the Federal Government to subsidize your workers.
We used printed circuit boards in our product. We actually had a printed circuit board manufacturer in our town. Wow! How's that for luck. We could get our cirucuit boards made here and circulate money in our local economy. So what did the owner do? He had them manufactured in China.
The contempt globalist Republcans have for the average working American, boggles the mind.
The was happening during the mergers and acquisitions mania beginning in the 1970s. A neighborhood kid, 5 years senior, got into it and did well for himself. It was at the start of my political thought growth.