Forum Post: Lets take over Bank of America! Buy their publicly traded stocks!
Posted 12 years ago on March 5, 2012, 10:16 p.m. EST by rrazputin
(18)
This content is user submitted and not an official statement
So I just happened to notice that BoA is a publicly traded institution. Imagine if every one of us bought one stock from BoA. Imagine how much of a statement it would be if the Occupy movement teamed up to buy out a bank. Corporations' first obligation is to their shareholders. Why not make them at our beck and call?
How is it shareholders have seemingly had zero say in the vulgar amounts of CEO, and upper brass compensation these corporations shell out to their criminals?
"Corporations' first obligation is to their shareholders."
If this were true, shareholders would insist on reasonable salaries for all with a company of which they invest. I see no evidence of this working out in practice. CEO's get lots more, lots less for shareholders to divide.
This guy must want the price to go up so he can dump that BOA turkey he's holding.
was thinking the same thing