[Chugalug] TWINKIES!!!

Chad Smith chad78 at gmail.com
Sun Dec 2 18:49:28 UTC 2012


Stockholders who don't care if the company does well or not...  That's a
new piece of FUD for the class warfare I haven't heard yet.

*- Chad W. Smith*



On Sun, Dec 2, 2012 at 10:31 AM, Dan Lyke <danlyke at flutterby.com> wrote:

> On Fri, 30 Nov 2012 08:39:59 -0800
> William Wade <willm.wade at gmail.com> wrote:
> > Perhaps that right there is the actual problem. Companies keep
> > looking for the executive that is going to save them,
>
> By "Companies" you mean "Boards of Directors". And by "Boards of
> Directors" you mean "people elected by the stockholders". And by
> "stockholders" you mean people with their money in 401Ks who don't
> really care so they either ignore the elections or invest in mutual
> funds and let the people who run those participate in the elections.
>
> So the Boards are likely as vested in giving their friends big bonuses
> as they are in actually making sure the stock performs well.
>
> Dan
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