Return to the Roses Forum | Post a Follow-Up

 o
We are the fat cats

Posted by pete41 9ab FL. (My Page) on
Thu, Sep 13, 07 at 10:37

Oil companies are making record profits!!!!!
They are ripping us off!!!!
Tax them and those fat cats that are making that money!!!!!
Guess what? Its thee and me.
Finally today there was an article in todays paper stating what many of us had long suspected.
The single biggest factor[about 95% of the reason]behind the high oil prices is due to speculation on the part of
PENSION PLANS.
Teachers,preachers,policemen and every one else that has a retirement plan that invests in the market.
Makes you think.Nahhh,never happen.It's more fun to bash the veep and others.lol


Follow-Up Postings:

 o
RE: We are the fat cats

down


 o
RE: We are the fat cats

I insist that my 401K only invest in seaweed ventures and clamshell futures!
I have a dandy cranberry stock it's intials are BOGWASH!


 o
RE: We are the fat cats

All of my money is tied up in rose company stocks, even if they dont have stock. With the number of companies going out of business it wont belong before all of it is worth nothing more than a wiff of fragrance.

Lance


 o
RE: We are the fat cats

You haven't really lived until you've experienced the sheer joy of telling some "activist" that Exxon is over fifty percent owned by pension plans and less than one percent by "insiders."

Casts Exxon's record $37B profit in a whole new light, doesn't it?

You said you'd never compromise
With the mystery tramp, but now you realize
He's not selling any alibis
As you stare into the vacuum of his eyes
And ask him do you want to make a deal?

MichaelAT


 o
RE: We are the fat cats

  • Posted by jody 7b - NC (My Page) on
    Wed, Sep 19, 07 at 10:49

Investment Funds (in which your pension plan money is heavily invested) own so much stock in many of the Fortune 400 companies that they have a say on the Board of Directors. Since they only care about the bottom line (how much did you make this quarter), they advocate policies that run counter to the best long-term interests of the corporation (not to mention the corporation's employees and customers). The CEO's compensation is set by the Board. The Board ties the compensation of upper management to stock performance. Not surprisingly, management makes decisions based on what will help the stock this quarter, not what will help the corporation, its employees and customers in the long term.

When a company has hired a CEO to help it recover from mismanagement, you notice one of the first things they do is buy back a bunch of their stock. What they are doing is buying back control of the company so they can make the necessary decisions free from the bottom line this quarter pressure syndrom.


 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!


Return to the Roses Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.


Learn more about in-text links on this page here