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07/15/2008

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Michael F. Martin

Are minority shareholders all that different from children and pets in this regard? It's frustrating to see how solving one problem inevitably leads to another -- the potential for collusion between enforcement agent and trustee in the case of the pets.

But isn't the tradeoff between transparency (or, equivalently, privacy) and fraud when there is a healthy market for enforcement agents?

Jack

Michael: The status of minority shareholders in today's lash-up would be a good topic for discussion.

With so many shares held in mutual funds and public retirement accounts, often run by the same caste of Yale or Wharton frat brothers it seems that much worse than the CEO's and a few upper management/interlocking board members siphoning off much of gleanings be there profits or losses, would have to happened before shareholders would rally to clean things up. Mostly, I suppose the only, very limited "clout" they'd have is that of selling and buying into another similar operation or mutual fund.

Since the corporate entity (which Andrew Jackson feared and opposed) exists under legislation written by the representatives of our citizenry it may be high time for that social contract to be reviewed (and before someone says "The'll just go offshore") and some decisions made as to what sort of corporations are allowed tariff free access to America's huge market.

I'm recalling that the fine company and products of Volvo was built with an company policy that no one would make more than ten times what was earned by the least. Quite a contrast from the "Big Two" where the CEO gets millions while either company could be bought for less than break-up of assets value and Toyota's CEO seems to answer his alarm clock for about 1/10th what Ford's CEO requires.

Thomason

Often I've wondered what they study at Harvard Law School, and a part of that has been answered - pet trusts & estates.

Nick Smith

Since the corporate entity (which Andrew Jackson feared and opposed) exists under legislation written by the representatives of our citizenry it may be high time for that social contract to be reviewed (and before someone says "The'll just go offshore") and some decisions made as to what sort of corporations are allowed tariff free access to America's huge market. Nice Post.

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