For The Time Capsule
Ownership society gone wild.
posted by The Cunning Realist at Saturday, December 02, 2006
AN OASIS IN A WORLD OF HACKS, HUSTLERS, AND HIRED SPIN
posted by The Cunning Realist at Saturday, December 02, 2006
6 Comments:
Have stocks been averaging 6% since GWB took office? Since the big part of the school bill gets paid each semester, he'd have some good cash to sit on for a year or two. Some people are saying having cash on hand isn't such a bad thing right now.
Hmmm. Pretty sharp kid. That would have been a helluva deal, for him. Of course, he goes to Cal State Fullerton, "the Harvard of the West Coast" 8O) so his earning potential is unbounded. FleeBay should stop interfering in the Free Market(TM).
Kind of reminds me of what a far less intelligent Yale grad did with the future of the United States, but he didn't need EBay; he used T Bills, and his investors are getting a lot better than 2%.
Paul Krugman recently wrote about the back dated stock options issue. However, media interest in the controversy seems to have come and gone. By way of Mercury Rising I read this post and I would be interested some reaction to it from a conservative, i.e. the C.R..
1) In the grand scheme of things how important is this scandal?
2) For all the advocacy devoted to the idea of that ours should become more and more an "ownership society" and for all the popularity of the catch phrase "it's your money" why is there so little muck raking of corporate management malfeasance by any of the media outlets which focus on financial matters? Wouldn't you say there an under served class of media consumers who have an interest in keeping abreast of unsettling news about publicly traded companies?
3) Bakan in The Corporation shows there has been a recognition for more than a hundred years that the interests of the stock holder conflict with the interests and of management and that management is really the more powerful of the two parties in their realationship. How is it that this fundamental issue never seems to get resolved in favor of the stock holder?
Consumer Angst
He'll fit right in. I hope his field of study wasn't advertising.
"The first rule of advertising: if it is advertised, it is not a necessity."
http://www.wired.com/news/technology/0,72134-0.html
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