Forum Post: Quick Question
Posted 13 years ago on Oct. 12, 2011, 10:45 a.m. EST by TrueLiberal
(2)
from San Francisco, CA
This content is user submitted and not an official statement
Ever wonder who is employed by these corporations and who actually owns them.... do you guys imagine some cabal of bankers owning big business? You guys do understand they are majority owned by institutional investors comprised mainly of pension funds, insurance funds, mutual funds etc. which are majority invested in by people that work at mostly big businesses... just a quick thought but would like to hear opinions. Definite structural issues in the government / business relationship but I feel people miss the point often
I think thats a good answer to capn doody mindhawk
still not sure the 1% coordinated that kind of extortion... seemed more like a general panic across all powerful stakeholders in the economy, be they politicians, leaders of wall street etc. i just think the movement needs to get off this 1% vs. 99% tangent and talk about substance. sounding bitter is not the way to win over mass support. you cant lump Steve Jobs in with mortgage kings.
I haven't heard anyone in the movement trying to abolish the entire stock market, or pensions or investment funds.
We just don't want them controlling our government and we are sick of the parasitic behavior. In fact the parasite forced us to pay them a trillion dollars recently at the risk of stopping all commercial paper, effectively stopping the shipment of all goods.
The 1% threatened to starve us unless we printed a trillion dollars for them, what next? If we are afraid of them but they aren't afraid of us, seems like they could use the same tactic to acquire anything they wanted.
Even the most raving socialist I know hasn't made a case for getting rid of the stock exchange.
I think that we wouldn't need shareholders/pensions/retirement funds if we had the government tax everyone at 100% and then divvy up the money fairly.
doody = troll disregard all words
Wait a minute there partner. Do you not agree with everything I just said? If not, discuss. Name calling is not the way to go about a fair and open forum. I'm wondering if you are a troll, sent here by Faux news to disrupt discussion.
Totally agree but I believe they are indeed the majority shareholders. Insiders (CEOs etc.) rarely have large stakes in the companies. While they often dont act in lockstep with shareholders' interests, they ultimately serve them. That is why these protests are more of a cultural protest I think than political / economic change focused. Americans may just be burned out.
I think there is a huge disconnect between the "investors" who might be employees and work at these companies and those who are the majority shareholders or executives who actually influence how the corporations behave. "Owners" do not represent one monolithic entity.