JCBA timeline extension
11-23-2014 | 04:16 AM
#911
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Joined: Nov 2010
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Sorry, but the corporate BODs are along for the ride and shareholders have almost ZERO control. Banks are the only real overseers management still has to answer to except in the most perilous situations.
11-23-2014 | 04:46 AM
#912
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Joined: Nov 2014
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And like the company you would be wrong. It also makes regional flying significantly more profitable relative to mainline and therefore the urge to outsource it greater. It also puts another bulge in the line we all need to try and hold industry wide.
Sorry, but the corporate BODs are along for the ride and shareholders have almost ZERO control. Banks are the only real overseers management still has to answer to except in the most perilous situations.
11-23-2014 | 06:26 AM
#913
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Joined: Nov 2010
Posts: 1,785
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Such naivety would be charming if it wasn't so dangerous to our futures. Thankfully, the leaders of the APA and their counsel are under no such delusions.
11-23-2014 | 06:45 AM
#914
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Joined: Nov 2014
Posts: 1,238
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You might want to realize that the text book version of how a corporate BOD is supposed to work and how it actually does are two completely different things. I recommend John Bogle's book, Battle for the Soul of Capitalism, as a start. In it he explains how mutual funds control over 60% of shares of public companies and how they completely fail in their fiduciary responsibility to the shareholders. Who do you think submits the slate of directors at the annual shareholder meeting that is rubber stamped by the institutional investors? Management does. So in essence the CEOs hire their own BOD. Why do you think almost all public corporations incorporate in Delaware?
Such naivety would be charming if it wasn't so dangerous to our futures. Thankfully, the leaders of the APA and their counsel are under no such delusions.
Such naivety would be charming if it wasn't so dangerous to our futures. Thankfully, the leaders of the APA and their counsel are under no such delusions.
I know why they incorporate in Delaware.
Where do YOU put your money in your 401-K?
BTW naive is what you are describing for you in your post.
11-23-2014 | 06:55 AM
#915
Gets Weekends Off
Joined: Nov 2014
Posts: 1,238
Likes: 0
You might want to realize that the text book version of how a corporate BOD is supposed to work and how it actually does are two completely different things. I recommend John Bogle's book, Battle for the Soul of Capitalism, as a start. In it he explains how mutual funds control over 60% of shares of public companies and how they completely fail in their fiduciary responsibility to the shareholders. Who do you think submits the slate of directors at the annual shareholder meeting that is rubber stamped by the institutional investors? Management does. So in essence the CEOs hire their own BOD. Why do you think almost all public corporations incorporate in Delaware?
Such naivety would be charming if it wasn't so dangerous to our futures. Thankfully, the leaders of the APA and their counsel are under no such delusions.
Such naivety would be charming if it wasn't so dangerous to our futures. Thankfully, the leaders of the APA and their counsel are under no such delusions.
11-23-2014 | 07:03 AM
#916
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Joined: Jul 2011
Posts: 2,450
Likes: 0
From: Airbus button pusher
Really? So WHERE do you think that MONEY that the company puts in your 401K (eg. fidelity) for you to invest yourself? You put it in mutual funds or shares of stock of PUBLIC companies so you can MAXIMIZE your retirement gain? It's so hypocritical of employees who complain about the soul of capitalism for others yet they want THEIR nest egg to be the biggest?
I know why they incorporate in Delaware.
Where do YOU put your money in your 401-K?
BTW naive is what you are describing for you in your post.
I know why they incorporate in Delaware.
Where do YOU put your money in your 401-K?
BTW naive is what you are describing for you in your post.
11-23-2014 | 07:13 AM
#917
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Joined: Nov 2014
Posts: 1,238
Likes: 0
11-23-2014 | 07:24 AM
#918
Banned
Joined: Jun 2008
Posts: 8,350
Likes: 0
11-23-2014 | 07:25 AM
#919
Gets Weekends Off
Joined: Nov 2010
Posts: 1,785
Likes: 0
Really? So WHERE do you think that MONEY that the company puts in your 401K (eg. fidelity) for you to invest yourself? You put it in mutual funds or shares of stock of PUBLIC companies so you can MAXIMIZE your retirement gain? It's so hypocritical of employees who complain about the soul of capitalism for others yet they want THEIR nest egg to be the biggest?
11-23-2014 | 07:27 AM
#920
Banned
Joined: Jun 2008
Posts: 8,350
Likes: 0
Is he Jesus ?
Hardly.
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