Taichiliberal
Shaken, not stirred!
Originally Posted by NOVA![]()
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What a post!!!...???????????????????/....So...you really ARE that stupid.....All shareholders vote on Board members (and others matters).... to oversee the company and hire
a CEO to run the daily operations of the business.....as a shareholder you own a piece of the company depending on what percent of the outstanding shares you own.
Are you really that stupid.....?
Quote Originally Posted by Taichiliberal View Post
Stop parroting mantras that have already been addressed. Shareholders do NOT elect the CEO, nor do they have a say on internal appointments, nor do they have a say in the DAY TO DAY operations. If they did as you say, then THE SHAREHOLDERS ARE JUST AS GUILTY for the S&L scandal, Enron, the mortgage meltdown, the shennanigans of JP Morgan, etc., because those incidents just didn't happen overnight.
Back in 2007, there was a dust-up among the shareholders and clients of Morgan Stanley when an internal memo accidentally was put into the annual report and updates. Essentially, MS was using their money in a "temporary" shift to cover some other investments WITHOUT THE APPROVAL OF THE CLIENTS/SHAREHOLDERS.
Had some desk jockey not made the mistake, no one outside management would have known. Needless to say, changes in procedure were made.
So you can keep parroting the party line...but logic and facts will always prove you wrong. You own stock, nothing more, nothing less.
Learn to read numbnuts....I didn't say 'shareholders elect a CEO'..nor did I say 'they control internal appointments'......I said they vote on board members...
who oversee the company....
who hire the CEO that decides on day to day operations
I never said shareholders control day to day operations anywhere in my post.
I didn't say that you did, genius. YOU picked up the guantlet when your fellow parrot squawked that shareholders "own the company". Go back and see where I first engaged that idiocy. I'm merely pointing out that he was wrong....and in your ass-backwards attempts to fault me, you prove my initial point over and over. Maybe you should follow your own advice and LEARN TO READ CAREFULLY AND COMPREHENSIVELY.
if you can't understand English, just stfu and shove off.
See above response.
Your MS crap in irrelevant as is the nonsense about shareholders being responsible for Enron, S&L wrongdoings, mortgage meltdowns, or shennanigans of JP Morgan....shareholders can't control crooks.
No one said they could....but to date I don't see any news reports about shareholders jumping ship en masse regarding the aforementioned companies.....the initial point of your idiot compadre was that shareholders own companies....so if they do, then they are guilty. And if they stay on after the crime is committed, then they are aiding and abetting criminals.
All you seem to know how to do is lie about what others post and to thrown up smokescreens about issues outside the debate hoping you'll confuse others and give the false impression you actually know what the hell you're talking about.....
You don't even know what the initial point of contention is about, genius. I suggest you back track and get up to speed before I make more a fool out of you by displaying the post by your idiot compadre that started this detour.
Shareholders OWN a piece of the company....how much of that company you own is determined by how many shares you own....owning 51% of the outstanding shares means
you OWN over 1/2 the company.
It doesn't mean you have complete control of the company or can sell the company or make sweeping changes in what the company does....
It doesn't mean you become the boss, hire or fire at will, or pass out raises to your pals....there are laws you realize.
The fact that this has to be explained to you makes you a fool.
See above responses to this latest regurgitation of a moot point by you. To date, the initial claim of the subject title has been proven false....and now you agree with me that your idiot compadre was WRONG in claiming that just because you own stock, you own the company. Thanks for playing.