On Fri, 27 Feb 2009 19:45:20 -0500, "Eisboch"
wrote:


wrote in message
.. .

On Fri, 27 Feb 2009 15:19:52 -0500, HK wrote:

So, you are in favor of welfare for corporate losses. Fascinating.


Not at all but simply condemning all corporations for the flaws of a
few is short sighted.


It's more than a few.


Not in the grand scheme of things. There are probably 100,000 thousand
corporations in the US, not counting the Type S guys.
The government is cutting bailout checks for a handful of them, mostly
banks including a lot of foreign banks. I am one of those who think GM
and Chrysler could go into chapter 11 and it wouldn't be the end of
the world as we know it. They certainly need a better business plan
than they are showing us to deserve all the money we are talking about
throwing at them.


Harry has a very broad paint brush because it serves his POV.

You are 100% correct in your analysis.

Good on you.

There are many honest, ethical corps, and they make nearly all the
wheels go round.
When they become publicly traded and in thrall to Wall Street
"analysts" they often become corrupt.
No sense of their product, their community, nor of company "culture."
The concept of "shareholder value" distorts their original purpose and
intent.
There are many here who worked in publicly traded companies and saw it
happen real time.
That original intent and purpose of a corporation is usually tied to a
product(s) and the communities the corps operate in.
Once Wall Street gets their hooks in, it's only about short term
money. That's all. Money.
Didn't used to be like that. Shares were sold to raise capital to
expand and improve the original products of the corp.
Corporations had a set of ethics and culture engendered by the
founders, and carried on by successors.
Most here are old enough to remember when you bought stocks in a good
company to provide you with dividend returns when you retired.
Not to make 15-20% yearly return in share price escalation.
Some dabbled a little side money in speculating, but it wasn't a way
of life.
Globalism and 401k contributions allowed the sharks to get out of
hand.
But I think we've seen the last of that kind of bubble.
It will be interesting to see what kind of turns the 401k program
takes now.
I might be wrong about all that though.

--Vic