[extropy-chat] Bush wants another $75 billion for wars

Mike Lorrey mlorrey at yahoo.com
Tue Nov 2 18:27:50 UTC 2004


--- Adrian Tymes <wingcat at pacbell.net> wrote:
> Okay...so how do you prevent managers from cashing
> out the company between reports and leaving
> shareholders with an empty bag?  

If the managers obtain their stock via employee purchase or options
programs, they would be required to only buy or sell stock in the month
or two AFTER the annual or bi-annual report is released. Anyone who
purchases stock on the open market could buy and sell whenever they
want.

> Granted, that does
> sometimes happen now, but it's a lot easier to do over
> the course of a year than over the course of three
> months...and one can report on quarterly progress
> towards a long-term goal, noting milestones met (or
> missed) on the long-term project plan.  (And any
> project, even a long-term one, needs a plan to have a
> good chance of success.  Ones that last for months are
> often broken down into days, so theoretically ones
> that last for years should be able to be broken into
> three-month segments, no?)

I'd generally discourage this. The reporting system is so frequently
used by corporations to collude at a distance with their competitors to
exploit the consumer that I'd say that either all companies in a given
industry report on the same day, or else the four largest competitors
in a market must report 3 months apart from each other.

=====
Mike Lorrey
Vice-Chair, 2nd District, Libertarian Party of NH
"Necessity is the plea for every infringement of human freedom.
It is the argument of tyrants; it is the creed of slaves."
                                      -William Pitt (1759-1806) 
Blog: http://www.xanga.com/home.aspx?user=Sadomikeyism


		
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