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View Diary: Detroit Fast Food Emporium to pay $15/hr, Make Profit, and Expand. (103 comments)

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  •  Exactly. What the corporation aims for is a decent (5+ / 0-)

    quarterly report for Wall Street. If the quarter has been good, their stock is worth more money for the CEO and his board.

    It isn't just a matter of screwing workers for an impersonal corporate profit anymore, it is screwing workers to enhance the value of the top corporate officers' compensation packages.

    •  this is the new American Corporatocracy (9+ / 0-)
      screwing workers to enhance the value of the top corporate officers' compensation packages.
      I call it the Gordon Gekko factor - yuk...

      America's LAST HOPE: vote the GOP OUT in 2014 elections. MAKE them LOSE the House Majority and reduce their numbers in the Senate. Democrats move America forward - Republicans take us backward and are KILLING OUR NATION!

      by dagnome on Tue Sep 10, 2013 at 06:04:21 PM PDT

      [ Parent ]

    •  Susan, at McDonalds all the officers and directors (1+ / 0-)
      Recommended by:
      jpmassar

      as a group own less than 1% of the outstanding shares as you can see here:

      http://finance.yahoo.com/...

      There is no doubt that McD is run to please Wall St as the stock is owned by mutual funds and other institutional investors, and the officers and directors do benefit from higher share prices. But the company isn't run in a manner to please Wall St. because of equity incentives for the management and the board. As a public company McD's is subject to the "Revlon Rule" which requires that they manage the company in a manner that maximizes the long term value for shareholders.

      "let's talk about that"

      by VClib on Wed Sep 11, 2013 at 07:38:02 AM PDT

      [ Parent ]

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