President Joe Biden - Kamala Harris Administration

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AM64 said:
It's like all companies cater to two markets. One for the products they sell, and the stock market. It's increasingly apparent the stock market is the one they bow down to. Tail wagging the dog ... actually the wagging tail shaking the dog to pieces and destroying it.
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A public company has to. They are owned by the share holders. The BoD fiduciary duty to those share holders is to insure the company executives are acting to maximize shareholder ROI. That is the sole reason all public companies exist. It’s also why I don’t see how any one person should be able to hold the title of CEO and Chairman unless they own controlling stock.
 
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volinbham said:
real income is down under Biden - not sure how you can't process how that means people as whole are worse off financially than they were under Trump. Add to that their retirement savings are down and the buying power of that lower balance is further diminished by inflation.
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But we needed inflationary wage increases including a $15/hr minimum wage to make things better. What's really going to be interesting is when the covid emergency money goes away. Wonder what other emergency dems will con up to pay people not to work. You'd think after a few centuries of enlightenment people might start figuring out about "getting ahead" and dogs chasing tails; apparently it's beyond mankind's comprehensive ability.
 
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NorthDallas40 said:
A public company has to. They are owned by the share holders. The BoD fiduciary duty to those share holders is to insure the company executives are acting to maximize shareholder ROI. That is the sole reason all public companies exist. It’s also why I don’t see how any one person should be able to hold the title of CEO and Chairman unless they own controlling stock.
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I've come to the conclusion that the CEO and board members should hold no stock in the company. Then the priority could be where it rightly belongs ... building products and selling services with the ability to profit from what the company is supposed to be doing. That basic tenant they teach in introductory economics about a business only making sense if it can make a profit exceeding what it could have made by simply investing the money meant profit from producing. All the retirement money thrown at markets has completely skewed and screwed everything corporate. Short term profits might be good for share holders; but if the shortsighted practices allowing short term profits kill the company, it screws the investors and the economy in the long run.
 
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AM64 said:
I've come to the conclusion that the CEO and board members should hold no stock in the company. Then the priority could be where it rightly belongs ... building products and selling services with the ability to profit from what the company is supposed to be doing. That basic tenant they teach in introductory economics about a business only making sense if it can make a profit exceeding what it could have made by simply investing the money meant profit from producing. All the retirement money thrown at markets has completely skewed and screwed everything corporate. Short term profits might be good for share holders; but if the shortsighted practices allowing short term profits kill the company, it screws the investors and the economy in the long run.
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I don’t agree with that stance, not as stated anyway. Like I said the company exists one one reason. All public companies do. Maximize share holder ROI. The mechanisms you bring up are the means to do that. So we’re not really in disagreement it’s just the nuance of what the basic stated requirement is.
 
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NorthDallas40 said:
I don’t agree with that stance, not as stated anyway. Like I said the company exists one one reason. All public companies do. Maximize share holder ROI. The mechanisms you bring up are the means to do that. So we’re not really in disagreement it’s just the nuance of what the basic stated requirement is.
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As long as there is balance between returns and making sure the company has the means to move forward. To me every company has infrastructure. For some it's easy to see like powerlines and gas lines, trucks for shipping, production facilities, refineries, etc. If you let decay take over the infrastructure as a means to boost short term profits, then you are simply killing the future. I think corporate leaders are destroying or eroding the infrastructure and their investment in US jobs to pay investors (and themselves), and that's a bad thing. I remember reading that we've built no refineries since something like 1978, and it's virtually the same for nuclear power; that is all coming home to roost, and it's an economy killer. The other part that we keep ignoring is the workforce. That's an investment, too; getting people off their butts and doing something productive is essential.
 
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Orangeburst said:
Sounds healthy. Average at maybe $5K per adult. Inflation on top of interest payments is a killer. Expect to see massive defaults during next recession. Overpriced homes and no buyers.
Now this is a Balloon.
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Working people have income to pay for purchases and less free time to spend on stuff they really don't need. Keep people busy. Idle hands .... We keep making the same mistake in looking at corporate "efficiency" and neglecting everything we learned from the Industrial Revolution about putting people to work.
 
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Gotta love the transparency

Speaking from the Eisenhower Executive Office Building, Mr Biden told reporters he wouldn’t answer questions about anything other than the Labor Department report because doing so would keep reporters from writing about the positive jobs numbers.


Biden avoids questions on Chinese balloon as Blinken cancels trip
 
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volinbham said:
Gotta love the transparency

Speaking from the Eisenhower Executive Office Building, Mr Biden told reporters he wouldn’t answer questions about anything other than the Labor Department report because doing so would keep reporters from writing about the positive jobs numbers.


Biden avoids questions on Chinese balloon as Blinken cancels trip
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From the article"

“Once we detected the balloon ... we communicated with the PRiC government directly through multiple channels ..."

Fixed
 
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I saw it last year..one of our other salesmen got a $750,000 order for (6) blowers and it turned into a nightmare.
Different parts like sheaves and belts, fittings, etc.
The manufacturer, who is not some FBN operation and probably in Fortune 200, faced such shortages of components they just decided to throw whatever at a build.

One and maybe 2 bare blower failures in past year+

Fair to say, this big national buyer will never ever purchase another made product.
 
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