[extropy-chat] Depressing Thought. from Laurence of Berkeley

[kevinfreels at hotmail.com]

>From another perspective, aren;t the stockholders themselves out to swindle
the corporation and minimize their losses? It's not like most stockholders
give two shits about the company they have stock in as long as their stock
is increasing in value. Once it starts to dip, they sell their stock and
move on to something more fruitful. This manipulation of the company's stock
in turn affects the value of the company. A really greedy and uncaring day
can put a multi-million dollar company into bankruptcy.
How is that any different?

----- Original Message -----
From: "Samantha Atkins" <samantha at objectent.com>
To: "ExI chat list" <extropy-chat at lists.extropy.org>
Sent: Wednesday, November 12, 2003 3:02 AM
Subject: Re: [extropy-chat] Depressing Thought. from Laurence of Berkeley


> On Sunday 09 November 2003 10:27, Harvey Newstrom wrote:
> > Samantha Atkins wrote,
> >
> > > This is too simplistic.   Too many corporations are about
> > > making the maximal money for their stock holders.
> >
> > I even doubt this sometimes.  Many corporations are about swindling the
> > stockholders and making a few criminals at the top richer.  All of the
> > money-market scandals, accounting scandals and dot-com busts are
examples
> > of corporate officers making themselves rich while maximizing losses for
> > their corporations and stock holders.
>
>
> With all due respect a lot of the dot-com-busts were not about greedy
> executives, at least not in the first instance.  The market itself, and
those
> who maintained and pumped it, was at fault.  Most execs at most attempted
to
> cash in.  In actuality the game of the money investors had to be played to
> produce at all, even if the game was insane.
>
> - s
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