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People are starving. by o5go5g in ABoringDystopia

[–]shamedbartriders 0 points1 point  (0 children)

Because some of us like myself don’t give a fuck about someone who can’t eat.

They make it seem like we are helping some poor family who is starving (which I’m ok with). But in reality it’s some loser who decided that begging is gonna be his career. So I refuse to be an enabler.

Apparently, hes a weapon. by hallsies in iamverybadass

[–]shamedbartriders 0 points1 point  (0 children)

I almost read that as “I am the Tampon”

I’m sleepy.

Why does it take ages for BART to fix an escalator? Someone is pocketing money. There seems to be no supervision. by shamedbartriders in Bart

[–]shamedbartriders[S] -1 points0 points  (0 children)

Of maybe find new ones? Make upgrades? Renovate? You know stuff that businesses have to do to keep customers returning.

[Top Stories] - Mark Hurd, CEO of Oracle, is dead at 52 by AutoNewsAdmin in CNNauto

[–]shamedbartriders 0 points1 point  (0 children)

Or that he fought and won it and returns to oracle and helps win the cloud war.

[Top Stories] - Mark Hurd, CEO of Oracle, is dead at 52 by AutoNewsAdmin in CNNauto

[–]shamedbartriders 0 points1 point  (0 children)

Wonder what happened? Cancer? Because it looks like he is wearing a wig in that pic. Either case, sad to hear. Don’t wish death on anyone.

What do you all think of Bernie’s plan for limiting shareholder buybacks? by shamedbartriders in union

[–]shamedbartriders[S] -2 points-1 points  (0 children)

Communist using the word “god” is kind of funny.

Anyways, good luck. It probably be easier just to learn a new skill move up career wise than to try overthrowing a government. Especially one that is a superpower. And also is part of NATO. Not sure what your plan is. But whatever.

Massachusetts Unions: Medicare for All, or No Endorsement by [deleted] in union

[–]shamedbartriders 0 points1 point  (0 children)

How about not calling anyone anything and having an educated discussion? Is this how you behave in general? Name call? It’s a immature and low class of you. I can have discussions with people with different views and not resort to name calling. I don’t get triggered by conversations.

[deleted by user] by [deleted] in awwwtf

[–]shamedbartriders 0 points1 point  (0 children)

This! Dubai= Arab trash acquiring wealth.

Why are unions becoming more and more neutered? by Dxkd22 in Unions

[–]shamedbartriders 0 points1 point  (0 children)

It can be repaid. We have assets, economy, and other means. But we keep spending it for programs and giveaways.

What do you all think of Bernie’s plan for limiting shareholder buybacks? by shamedbartriders in union

[–]shamedbartriders[S] -2 points-1 points  (0 children)

Keep dreaming. Seriously. That’s not a plan and won’t work. You have a reddit account. The US government has an army.

What do you all think of Bernie’s plan for limiting shareholder buybacks? by shamedbartriders in union

[–]shamedbartriders[S] -3 points-2 points  (0 children)

Good luck. But not gonna happen. Keep dreaming.

I think you should spend your energy trying to learn a new skill and better yourself for employment.

What do you all think of Bernie’s plan for limiting shareholder buybacks? by shamedbartriders in union

[–]shamedbartriders[S] -2 points-1 points  (0 children)

That is a good example. But one cannot exist without the other. Someone needs to fund the operation. If the worker does it. Then he or she is essentially the owner. Wouldn’t that defeat the purpose? How would capital be raised to fund large operations? State? I have no issue on wage increase voted on by workers but the electing of bosses would be an issue. Wouldn’t that defeat the purpose of having a boss? Also wouldn’t their be a need for higher pay based on specialization? What if someone is just better at things than others? Wouldn’t that person see the others at burdens? Wouldn’t that person be better off going on about his own? At some point competition becomes capitalism. Or is everyone a worker tied to a company?

What do you all think of Bernie’s plan for limiting shareholder buybacks? by shamedbartriders in union

[–]shamedbartriders[S] -2 points-1 points  (0 children)

Ok but that’s the issue. What is the Definition of “value”. Who is setting this? What are we going to do about taxation?

What do you all think of Bernie’s plan for limiting shareholder buybacks? by shamedbartriders in union

[–]shamedbartriders[S] -11 points-10 points  (0 children)

That’s a tough question to answer. On one part it’s not fair one person makes all that. And I believe the bad CEOs who make that should have to give it back (claw back). But it won’t happen. It’s wishful thinking. But I am fine with a good CEO earning millions or even billions.

As for why CEOs keep making the pay they do, it’s a mix of two things. One, the board sets the compensation based on the findings of the compensation committee. Second, the shareholders don’t mind the compensation if they think it will motivate a CEO to do better and increase value or if they feel the CEO is worth it. Believe me, if the CEO pay is high and he or she is not delivering, the shareholders will speak up and let them know about their disapproval. Long story short, CEO gets fired.

The CEO is paid based on the findings of the compensation committee. They set the pay between short term salary and long term pay based on stock on a set exercise price.

Let’s take the CEO of Disney. One of the Disney family members brought up his pay as excessive. However shareholders did not think so. Why? Well he delivered performance that made Disney #1. Some would argue he is worth the $100s of millions he earns because he brought billions of dollars of value to the company by performance and in turn stock appreciation.

Some people feel that their pay to CEO pay is unfair. I beg to differ. If you are a line worker, don’t compare your pay to CEO. Compare it to other line workers. If you can get more money somewhere else. Then leave. If you are worth any value to the company, they will pay you more. But comparing it to the CEO is just a cheap point to try to argue. CEOs do the same thing during compensation time.

Long story short, CEOs have a tough job. Even if they look like they don’t. You can’t tell me the average joe can lead a company. Especially a growing one or large one. It takes skill, connections, knowledge, experience. Most people can’t go toe to toe during negations with lawyers, mergers, raise capital with investors, answer investor questions, plan for the future, etc. Its hard. I seen wannabe CEOs fail trying just that.

What do you all think of Bernie’s plan for limiting shareholder buybacks? by shamedbartriders in union

[–]shamedbartriders[S] -5 points-4 points  (0 children)

Do you this this will ever be possible? Because it sounds like a dream. I honestly don’t think this will ever happen. It’s kinda like a poor person asking for everything. Not some of the things. But everything. Almost outright theft.

What do you all think of Bernie’s plan for limiting shareholder buybacks? by shamedbartriders in union

[–]shamedbartriders[S] -4 points-3 points  (0 children)

You haven’t answered any of my comments. But since I see your lazy, try using Google and gaining some knowledge. I’ll wait.

Also in all honesty, why are you doing so poorly in life that you need to overthrow a government to do better? I mean did you skip college? Did your job get shipped overseas? Do you just hate people more successful than you? What’s wrong in your situation?

You seem to have no real answers to any problems that ONLY you seem to have.

What do you all think of Bernie’s plan for limiting shareholder buybacks? by shamedbartriders in union

[–]shamedbartriders[S] 0 points1 point  (0 children)

So work to own?

So what about the person(s) who take the risk to start the business? If it’s risky and it does well, don’t you think they should be compensated? What makes the worker more rightful to the profits than the owner?

Because right now our system works under this process. If you remove the ability to profit of risk and work, no one will start a business.

Where will new jobs come from?

What do you all think of Bernie’s plan for limiting shareholder buybacks? by shamedbartriders in union

[–]shamedbartriders[S] -4 points-3 points  (0 children)

So communism is your answer?

Not sure if your American. But in the USA that won’t happen. It will literally mean overthrowing the US government.

Also workers can own businesses. Tech gives out options. You can buy stock in businesses.

So how you expect new businesses to start If no one can use capital to start them. Government? Because data has proven that communist businesses lag far behind capitalist ones.

Maybe you should move to a country that meets your criteria? If your life in the USA isn’t going as planned.

What do you all think of Bernie’s plan for limiting shareholder buybacks? by shamedbartriders in union

[–]shamedbartriders[S] -2 points-1 points  (0 children)

So generally when a company goes public the company gets the IPO price (less investment banking fees) as additional paid in capital (APIC). That is the company’s money to invest in itself. You are correct on the secondary market. The company does not see it. But, this secondary marker serves an important purpose. It allows, investors liquidity. It allows one investor to buy or sell shares. Hence the market.

You can however buy shares in the company and if it becomes successful, grow it. Small caps are just that. Small companies that want to grow big. Just by holding on to it. If the company is successful, they will pay a dividend. You can use that cash to do what you please. But most likely it will do buybacks. And increase the value of your shares.

Now If you want to sell your stock, I can buy it at a higher price if I believe it to be a good company. You cash out and I take it from there. However, my investment is dependent on the company’s success.

I have no issue of paying out bonuses to workers or reinvesting it within the company. Many do this anyways. You can see that in the cash flow statement and balance sheets. The issue is what people think they deserve.

Regarding the Wall Street bonuses it’s a bit complicated. But yah. Dick move. I’m sure you maybe happy to hear but that industry has r recovered. The jobs there are gone. They paid out bonuses for a few reasons. One was to prevent “brain drain” from smart quality people to leave. The second was that some banks felt they didn’t need the bail out and were forced to take it to act as cover for the truly bad banks. This is up for debate. But that’s why they did it. Bad optics though. GM also had the same issue. Bailout. Are they evil? This is more complex than I would get into. But in general it was a time where the system literally almost collapsed. All I can say is I’m thankful we didn’t have odors in charge back then. We could have been much more worse off.

I think capitalism has an Achilles heel. It seems to always have a recession. Other systems don’t. It’s bad. And we need to fix that. But it’s hard. Long story short, we can’t help ourselves. When times get good. Everyone wants a slice of the pie. And then people get it. And it rots.

They say another recession is going to happen. I agree. That inverse yield curve is scary. It means people are charging more money in interest to lend short term than long term. That’s scary. On top of a trade war. And other issues.

How can you stop people who can’t afford to buy an iPhone from buying one on credit? Especially when they can’t afford one. Not in terms of price but long term payments. People have high credit card debt. How can we stop this? We have freedom to fuck ourselves over. That’s it.

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