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To: dark_lord
As to why this happens -- my personal theory is that it is because the stockholders are now "owners" in name only. Instead of a few wealthy guys as owners, or ownership within a family, it is spread over a few hundred mutual funds, with hundreds of thousands of "owners". Therefore, there is no check on the board of directors, no check on the executives.

Vox Day said the same thing a few weeks ago.

132 posted on 07/18/2003 6:19:57 AM PDT by Tribune7
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To: Tribune7
The huge money/perks pay-outs to some CEO's seems very out of line with what CEO's used to receive say, 15 years ago.

Are present day CEO's so much better at the work they do now? Or is there some other neat little trick they can pull out of their hat in order to get MORE goodies from the stockholders?

133 posted on 07/18/2003 6:43:53 AM PDT by crazykatz
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To: Tribune7
Like that vox of Vox Day:
"Land of the fearful, home of the craven" , July 7, 2003

... This attitude has somehow become the norm in America today in matters both public and private. Subjects once debated openly on the floors of Congress are now whispered only behind closed doors.

America is afraid. Most of her citizens may not realize it yet, but somehow, they have taken to heart the old Japanese dictum, the nail that sticks up gets hammered down. This is not the motto of a free people, it is a slogan of slaves. In today's America, the media will not discuss the fraudulent federal income tax nor the peculiar jurisdiction of the IRS, because journalists are afraid to be audited. Lawyers do not protest how judges regularly ignore the law as it is written in favor of so-called precedent, nor do they speak up in court when a judge blatantly flouts the centuries-old right of the jury to decide on both the justice of the law and its application, because they are afraid of being disciplined before the bar.


"Did Harry Potter take Mark of the Beast?" , June 28, 2003

... I've read that the average lifespan of a paper currency is only about 70 years, because the temptation to create more spending power by printing money is simply too tempting for politicians and central bankers. It all comes down to the basic law of supply and demand, when the supply for dollars increases faster than demand requires, then the price must fall.

Since the creation of the Federal Reserve in 1913, so much money has been printed that 95 percent of the value of the dollar has been destroyed. In other words, a nickel then is worth a dollar now.

* * *

Could not find what he has written recently about "stockholders in name only", however.

152 posted on 07/18/2003 10:35:10 AM PDT by bvw
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