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Forum Post: I am beginning to think the "shareholders" are a culture within themselves...

Posted 12 years ago on Oct. 25, 2011, 6:09 p.m. EST by AtomicZ (149)
This content is user submitted and not an official statement

To force a change on this culture would be counterproductive to the end game. The goal should reflect the 99% in toto when relating to the "shareholders culture". Working on the minds and hearts of the shareholders should - interject "in theory" thinking here - sway everything back to the concept of a "moral society". Looking at the "CORPS" in this way suggests a "proxy fight" to change the nature of the corporation from within... yea I know... another reach - but what if???

pick em off one at a time : http://www.investopedia.com/terms/p/proxyfight.asp



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[-] 2 points by pissedoffconstructionworker (602) 12 years ago

The problem is that most of the shareholders are totally divorced from participation in the companies they collectively own.

[-] 1 points by AtomicZ (149) 12 years ago

Is this a weakness or a strength for the OWS...? peace AtomicZ...

[-] 1 points by pissedoffconstructionworker (602) 12 years ago

It's a sign of weakness in another section of our democracy.

Shareholders don't vote.

Union members don't vote.

American citizens don't vote.

So we get companies dominated by management, stock markets dominated by a handful of fund managers, corrupt unions where the membership has no clout, and a Congress that doesn't represent us.

[-] 1 points by AtomicZ (149) 12 years ago

Is there any leverage left at all or have the corps completely surrounded dissension with shareholders, unions etc? Are all roads blocked? peace AtomicZ...

[-] 1 points by pissedoffconstructionworker (602) 12 years ago

It may be too late, but at least we're going out on our feet, not our knees.

[-] 1 points by AtomicZ (149) 12 years ago

I'm a vet, I would be proud to fight by your side! peace AtomicZ...

[-] 1 points by mikeband (20) from Klamath Falls, OR 12 years ago

I own stock in quite a few different companies - indirectly via mutual funds. I believe the funds vote my share of the shares by proxy but can't say for sure. I do know that I have not seen a shareholder's ballot for any mutual fund for many years now.

Based on this experience, it seems to me that a HUGE number of shareholders are totally disconnected from this process. Just another way the 99% have become disenfranchised by the "system".

[-] 1 points by AtomicZ (149) 12 years ago

OK... would you know of any laws that protect shareholders? peace AtomicZ...

[-] 1 points by seeker (242) 12 years ago

End the corporations..Create co-operatives..The workers take the share..

Workers unite.

[-] 1 points by AtomicZ (149) 12 years ago

Whatever the solution - and there are many - I want to believe this movement OWS will inspire something completely unique... new & different that benefits everyone to undertake and live in a moral society ... at the present time I have no idea what this will look like or where it will come from - however this is as good a place to start as any - and perhaps the best place to begin is right here and now - OWS rules!!!