Prolly why I detest unions.....

[Bubstr]

I see this term bantered around and thought I should address it; Corporate Greed. In my opinion a corporation has an absolute responsibility to either provide the highest dividend or retain as many earnings as possible for their stock holders. To do less would be a betrayal. For example if you belong to a pension and pension invests into stock I believe that you would want the highest returns possible for the risk you take in investing in them. The same would be if you were purchasing a stock or bond through a broker. To knowingly engage in efforts that reduced value or reduced return on investment would, in my opinion, be a tort and the CEO and Board should be held responsible in a civil court.

A number of years ago the notion of Corporate Governance took hold. Take Ronald McDonald House for example. I whole-heatedly believe the Kroc's wanted to give back to the community and specifically to children and they did it through the company they owned, McDonalds. Where the problem for me lies is that these donations should of been applied to dividends or retained earnings, not to the charity. If the individual bond holder wanted to give to a charity on their own, then that fine. It's their money and they can do what they want.

A second problem with Corporate Governance is that every sizable corporation feels the need to have a pet charity if for no other reason then "protection money" that a business would have to pay a the mob to keep from getting their windows busted out. In the corporate world it's used to give them cover from a prying media and bureaucracies that are charged with over-seeing the business. ADM is a prime example. They advertise on TV and Radio just so they will not be reported accurately on by the media. In the end all this does is hurt the little guy.

Basically what you are talking about is fiduciary responsibility. There are often ignored laws regarding this in any public traded corporate stock and especially be aware an ask your broker when going into mutual funds, like your 401k. Basically who they are responsible to. Will he put you in stock that makes you the most or one that pays him more management fees. In holding stock in a corp., is the CEO paying dividends or high executive salaries.

[kidrock]

I see this term bantered around and thought I should address it; Corporate Greed. In my opinion a corporation has an absolute responsibility to either provide the highest dividend or retain as many earnings as possible for their stock holders. To do less would be a betrayal. For example if you belong to a pension and pension invests into stock I believe that you would want the highest returns possible for the risk you take in investing in them. The same would be if you were purchasing a stock or bond through a broker. To knowingly engage in efforts that reduced value or reduced return on investment would, in my opinion, be a tort and the CEO and Board should be held responsible in a civil court.

A number of years ago the notion of Corporate Governance took hold. Take Ronald McDonald House for example. I whole-heatedly believe the Kroc's wanted to give back to the community and specifically to children and they did it through the company they owned, McDonalds. Where the problem for me lies is that these donations should of been applied to dividends or retained earnings, not to the charity. If the individual bond holder wanted to give to a charity on their own, then that fine. It's their money and they can do what they want.

A second problem with Corporate Governance is that every sizable corporation feels the need to have a pet charity if for no other reason then "protection money" that a business would have to pay a the mob to keep from getting their windows busted out. In the corporate world it's used to give them cover from a prying media and bureaucracies that are charged with over-seeing the business. ADM is a prime example. They advertise on TV and Radio just so they will not be reported accurately on by the media. In the end all this does is hurt the little guy.

Oh boy, you are right about companies having the right to provide the highest dividend to their stockholders Right there lies the problem and why these politicians are not working for us and are working for the corporations. it's all about Wall St and not with Main St.

I guess we can sit here and have high unemployment as long as those few on wall st are happy heck why not.

[15D]

Basically what you are talking about is fiduciary responsibility. There are often ignored laws regarding this in any public traded corporate stock and especially be aware an ask your broker when going into mutual funds, like your 401k. Basically who they are responsible to. Will he put you in stock that makes you the most or one that pays him more management fees. In holding stock in a corp., is the CEO paying dividends or high executive salaries.

If there is one issue that I struggle with it's CEO pay. It's one thing if a family outright owns the company, then yes they are entitled to all of it's profits. When it comes to publicly held companies I have an awful hard time with the extreme high end of pay. A correction of some sort needs to take place.

Oh yes, you're right on the fiduciary responsibility.

[15D]

Oh boy, you are right about companies having the right to provide the highest dividend to their stockholders Right there lies the problem and why these politicians are not working for us and are working for the corporations. it's all about Wall St and not with Main St.

I guess we can sit here and have high unemployment as long as those few on wall st are happy heck why not.

Government should eliminate barriers that allow new companies ability to compete with established companies. It's the competition that drives down cost and creates innovation. Both of which are good for the consumer.

Government's role should be to establish a clear set of business guidelines and enforce them equally. The Government needs to get out of the business of picking winners and losers through crony capitalism.

Kidrock; Wall St is all of us who have investments; whether they be a pension plan or 401K.

[15D]

Oh boy, you are right about companies having the right to provide the highest dividend to their stockholders Right there lies the problem and why these politicians are not working for us and are working for the corporations. it's all about Wall St and not with Main St.

I guess we can sit here and have high unemployment as long as those few on wall st are happy heck why not.

It isn't a right Kidrock, it is there absolute responsibility to do so.

If the government puts into place a regulation that causes the corporation an increase in expenses, then it makes it harder for them to compete against an oversea's competitor that doesn't have the same sort of regulations in place. That is why regulation retards an economy and one of the ways to create economic activity at home is to remove arbitrary regulation.

[ss12]

15D what type of regulation are you talking about? The right always talks about regulation and never clarify what regulations they are talking about. I was just like to here it.

[DirtClassic]

It isn't a right Kidrock, it is there absolute responsibility to do so.

If the government puts into place a regulation that causes the corporation an increase in expenses, then it makes it harder for them to compete against an oversea's competitor that doesn't have the same sort of regulations in place. That is why regulation retards an economy and one of the ways to create economic activity at home is to remove arbitrary regulation.

Ok, let's throw all our environmental laws out the window, pollute the air having no scrubbers on our factories, flow raw sewage into our lakes and stream, in that way we will be on an even Terms so we can compete with third world Countries. We might as well sell all our homes while we are at it and ask our company if they can build barracks on the compound so we can also sell our cars and trucks and save gas money. Then we can tell our boss that we no longer need pay raises because we rarely go off the compound anyways. The next contract you can ask for a wage reduction if they start feeding you better while living on the compound. Wake up people, we can never be on economic climate to compete with third World Countries. This is North America and we live at a higher standard Thank GOD. It is not the 1800's anymore.

[15D]

15D what type of regulation are you talking about? The right always talks about regulation and never clarify what regulations they are talking about. I was just like to here it.

My favorite target is the EPA when it comes to regulation. Granted, there is a need for a Federal Agency to ensure Clean Air and Water Standards and many other things. What we do not need is an arbitrary war on coal. I'm for mitigating particle emissions, CO2, Sulfur-dioxide, and Nitrous Oxide as long as the standards can be met at a reasonable cost. We also do not need a moratorium on off-shore oil exploration. Like it or not, currently there really is no viable alternative to fossil fuels.

The price of Social Engineering needs to be removed from the price of doing business. Why in the world should a Corporation be forced to carry a 26 year old adult on their insurance policy because one of the adult's parents is employed there. Payroll taxes need to slowly roll over to the employee (it's already part of their compensation package, may as well place on their W-2 the real cost of SS Medicare and Medicaid.) Obamacare needs to be killed, later on this year after the exemptions have expired the true cost of this albatross will be hurled at businesses.

Tort reform may not be a good fit for the regulation theme, but it is a government induced cost because of frivolous law suits and just crazy sexual harassment cases.

These are the major regulations that unnecessarily impact business.

[Bubstr]

Ok, let's throw all our environmental laws out the window, pollute the air having no scrubbers on our factories, flow raw sewage into our lakes and stream, in that way we will be on an even Terms so we can compete with third world Countries. We might as well sell all our homes while we are at it and ask our company if they can build barracks on the compound so we can also sell our cars and trucks and save gas money. Then we can tell our boss that we no longer need pay raises because we rarely go off the compound anyways. The next contract you can ask for a wage reduction if they start feeding you better while living on the compound. Wake up people, we can never be on economic climate to compete with third World Countries. This is North America and we live at a higher standard Thank GOD. It is not the 1800's anymore.

In the 1800s, the railroads, steel mills and meat packers advertised in Europe promising streets paved in gold here in the USA, just to get a bunch of cheap labor. Big business lobbied for more immigration and got it, even though there was a recession and high unemployment at the time. Greedy banks and business with a lot of lobby money and corrupt government works every time. These where the circumstances that started Socialism and unions, and it was these groups that pressured for changes in working conditions, wages, child labor, food and drug laws and building codes. The banks where gouging the USA up to 20% interest on money for the Civil war, which prompted Lincoln to print interest free green back dollars. Even when the war was over, everyone but banks and the politicians they bought liked them. History just repeats it's self.

[mudslinger47]

You guys need to pop out here to Cally...EPA Coastal Commission and about every county has there fingers in the mix too.. The County I live in levied so much tax and abuse to the oil industry that it just pretty much shut down for 30 yrs. Cost us hundreds of jobs which inturn caused people to move out of the area left vacant homes and apts. not to mention they (the county) lost there largest tax contributor...simply brilliant.. No one want dirty air or water, but there are ways to achieve clean air and water with out shutting down private business, costing jobs and inflecting hardship.... Because of our clean air standards, you can actually breath in LA....but the politicians aren't happy...they want more..can't do it with out outlawing cars and trucks...

[15D]

Ok, let's throw all our environmental laws out the window, pollute the air having no scrubbers on our factories, flow raw sewage into our lakes and stream, in that way we will be on an even Terms so we can compete with third world Countries. We might as well sell all our homes while we are at it and ask our company if they can build barracks on the compound so we can also sell our cars and trucks and save gas money. Then we can tell our boss that we no longer need pay raises because we rarely go off the compound anyways. The next contract you can ask for a wage reduction if they start feeding you better while living on the compound. Wake up people, we can never be on economic climate to compete with third World Countries. This is North America and we live at a higher standard Thank GOD. It is not the 1800's anymore.

I disagree. Low wages are one thing, skilled workers are another. Just because you have one, you will not necessarily have the other. Low wages do not automatically result in reduced labor expenses, especially if you factor in defective products.

We are starting to run out of possible third world countries for the low wages. China was the last potential big source as Africa is really too unstable. It wont be long before she is like the other developed countries of Asia like Japan, Taiwan, and Malaysia/Singapore and low wages will be a thing of the past. This will eventually make it more profitable to invest in a manufacturing system with more automation, ran and serviced by skilled American workers. May take another decade or so, but we will get there. Globalism has it's boundaries.

[15D]

In the 1800s, the railroads, steel mills and meat packers advertised in Europe promising streets paved in gold here in the USA, just to get a bunch of cheap labor. Big business lobbied for more immigration and got it, even though there was a recession and high unemployment at the time. Greedy banks and business with a lot of lobby money and corrupt government works every time. These where the circumstances that started Socialism and unions, and it was these groups that pressured for changes in working conditions, wages, child labor, food and drug laws and building codes. The banks where gouging the USA up to 20% interest on money for the Civil war, which prompted Lincoln to print interest free green back dollars. Even when the war was over, everyone but banks and the politicians they bought liked them. History just repeats it's self.

The change over from an agrarian society to and industrial society has it's victims. An economy based upon a few industries will have high's and terrible low's and it will be the little guy who suffers.

I just started to read a book about the War of 1812. I learned something early on in the book. I never knew Jefferson placed an embargo on exporting goods to both France and England. The result, according to this book, was a nearly 80% contraction of our fledgling economy. My point being is that having a diverse economy with stable trading partners is much more preferable than the alternative.

[ss12]

15D that's what I figured the EPA would be your biggest one. That's is always right winger big one. Always about the corporation cost to do business here in the US. The right never wants to do best for the citizen just what good for the corporations profits. This is why the corporations left the USA so they could go and pollute other nation and didn't care what pollution did to citizens of that country. Look these corporation are making record profits. One of the biggest support of the right wing think tanks is the Koch brothers. What corporations are the biggest polluters here in the USA? That's right the ones owned by the Koch Brothers.

https://www.youtube.com/watch?v=CPmNqdRzMmk

[15D]

15D that's what I figured the EPA would be your biggest one. That's is always right winger big one. Always about the corporation cost to do business here in the US. The right never wants to do best for the citizen just what good for the corporations profits. This is why the corporations left the USA so they could go and pollute other nation and didn't care what pollution did to citizens of that country. Look these corporation are making record profits. One of the biggest support of the right wing think tanks is the Koch brothers. What corporations are the biggest polluters here in the USA? That's right the ones owned by the Koch Brothers.
https://www.youtube.com/watch?v=CPmNqdRzMmk

First off I premised my argument with arbitrary regulations. Second off I indicated that some regulations are needed. Specifically those addressing clean air and water.

The nature of the business that the Kock Brothers are involved with comes with pollution. However, they are not at the top of the list. Forbes has them as number 27 on the list of US Polluters

http://www.forbes.com/sites/christop...air-polluters/

[15D]

The change over from an agrarian society to and industrial society has it's victims. An economy based upon a few industries will have high's and terrible low's and it will be the little guy who suffers.

I just started to read a book about the War of 1812. I learned something early on in the book. I never knew Jefferson placed an embargo on exporting goods to both France and England. The result, according to this book, was a nearly 80% contraction of our fledgling economy. My point being is that having a diverse economy with stable trading partners is much more preferable than the alternative.

Here is one of the arbitrary regulations and it's impact in California:

http://www.freerepublic.com/focus/news/2769509/posts

Tell me this isn't a jobs killer