#stockholders

[eelhound]

"Six principles... uphold the needs of property owners above all other needs.

1. Worldview: In the worldview of corporate financial statements, the aim is to pay stockholders as much as possible, and employees as little as possible.

2. Privilege: Stockholders claim wealth they do little to create, much as nobles claimed privilege they did not earn.

3. Property: Like a feudal estate, a corporation is considered a piece of property — not a human community — so it can be owned and sold by the propertied class.

4. Governance: Corporations function with an aristocratic governance structure, where members of the propertied class alone may vote.

5. Liberty: Corporate capitalism embraces a predemocratic concept of liberty reserved for property holders, which thrives by restricting the liberty of employees and the community.

6. Sovereignty: Corporations assert that they are private and the free market will self-regulate, much as feudal barons asserted a sovereignty independent of the Crown."

- Marjorie Kelly, from The Divine Right of Capital: Dethroning the Corporate Aristocracy, 2001.

[wack-ashimself]

*Replace 'Vault-tec' with 'Military affiliated manufacturers & their stockholders.' "So the US government has outsourced the survival of the human race to Vault-tec. Vault-tech is a private corporation that has a fiduciary responsibility to make money for its' investors. And how do they make money? By selling (doomsday) vaults. But they can't sell vaults if these peace negotiations go through. So Vault-tech has the fiduciary responsibility that it don't work out." -fallout s1, e6

<None of us find it weird this show is mediocre as fuck, but, the central theme of the end of the world is Russia and USA nuked each other?>

[streetmatt]

On repeat.

By Matti Merilaid.

[gettothedancing]

Biden-Backed Solar Company Lied About Effectiveness of Solar Modules, Lawsuit Says

A Michigan municipal pension fund alleges that executives at First Solar, which is owned by Biden megadonor and Walmart heir Lukas Walton, made "false and misleading statements" to investors and failed to disclose that its solar module was "grossly underperforming and was unable to hit its wattage targets." Those claims and omissions, the fund alleges, artificially inflated the company's stock price in 2019 and led to investor losses.

The class-action suit comes after the U.S. International Development Finance Corporation (DFC) granted First Solar a $500 million federal loan in December to build a module manufacturing facility in India as part of President Joe Biden's "Build Back Better World" initiative. The funding drew concerns from ethics watchdogs that questioned whether the company's political connections—including Walton's substantial donations in 2020 to Biden and the Democratic National Committee—played any role in the decision. The DFC has denied any political considerations.

[waynelvslcy]

'As a woman who behaved like a woman, it amused her to occupy the austere oak-paneled executive suite once occupied by Joseph Kennedy and Howard Hughes. She gussied it up with large flower patterned furniture in decorator shades of yellow and green and a silver tea service that belonged to her grandmother; and wondered—but not very much—what Joe Kennedy would think of a Capri-clad President having her nails done during a business conference.' article, 'The President Wore A Dress To The Stockholders Meeting', TV Guide, July 1967. #lucilleball #desilu #madamepresident #girlpower #studiohead #stockholders #howardhughes #joekennedy #gussiedup #femininetouch #decorated #ilovelucy #desiluproductions https://www.instagram.com/p/CD4RoCNnu9O/?igshid=1isjhekpqq2df

[eelhound]

"If we study the era of the Enlightenment, in which America was founded, we find it did not begin with crafting laws and structures. It began with challenging the principles on which the monarchy stood, and articulating new principles of democracy. In that spirit, I suggest six principles for economic democracy, mirroring the six principles of economic aristocracy:

1. Enlightenment: Because all persons are created equal, the economic rights of employees and the community are equal to those of capital owners.

2. Equality: Under market principles, wealth does not legitimately belong only to stockholders. Corporate wealth belongs to those who create it, and community wealth belongs to all.

3. Public good: As semipublic governments, public corporations are more than pieces of private property or private contracts. They have a responsibility to the public good.

4. Democracy: The corporation is a human community, and like the larger community of which it is a part, it is best governed democratically.

5. Justice: In keeping with equal treatment of persons before the law, the wealthy may not claim greater rights than others, and corporations may not claim the rights of persons.

6. (r)Evolution: As it is the right of the people to alter or abolish government, it is the right of the people to alter or abolish the corporations that now govern the world.

Intellectual principles like these may seem to be mere abstractions, airy things with little relevance to the real world. But as Michel Foucault observed, ideas are mechanisms of power. 'A stupid despot may constrain his slaves with iron chains,' he wrote, 'but a true politician binds them even more strongly by the chain of their own ideas.' Ideas are the foundation of the social order. If we are to build a new order, we must build on the base of ideas."

- Marjorie Kelly, from The Divine Right of Capital: Dethroning the Corporate Aristocracy, 2001.

[waynelvslcy]

Lucy signing an autograph for a child on the back of a 1964 Desilu Stockholders Annual Report. #lucilleball #autographs #stockholders #annualreport #desilu #1964 #lapchild #autographplease https://www.instagram.com/p/B_qzfi5n8ZW/?igshid=1k76cclt7gqr

[carrzeecarbon]

No Bloomberg, the tech rout is not about ‘tariffs’ or ‘macro’, it’s structural; the next dot-com bust

Continue reading No Bloomberg, the tech rout is not about ‘tariffs’ or ‘macro’, it’s structural; the next dot-com bust

No Bloomberg, the tech rout is not about ‘tariffs’ or ‘macro’, it’s structural; the next dot-com bust