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View Diary: Why What Happened at Home Depot's Annual Meeting Matters (263 comments)

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  •  As one of those who doesn't vote (1+ / 0-)
    Recommended by:
    kck

    There is no comparison between voting for president and voting shares...each voter, rich or poor, gets the same one vote for president, but with stock you get a vote commensurate with what you own. If you own a small amount and you don't have any other contact with the company...it's just a 401(K) thing...how much time does it make sense to devote to researching this? It's not all on the front page of the newspaper or all over the internet like the President's shenanigans. Corporate decision-making is not a good analogy for democracy, though Republicans like to say so.

    "All governments lie, but disaster lies in wait for countries whose officials smoke the same hashish they give out." --I.F. Stone

    by Alice in Florida on Thu Jun 15, 2006 at 09:33:16 AM PDT

    [ Parent ]

    •  Good point (1+ / 0-)
      Recommended by:
      stitchmd

      That's why more trusted blocks of investers should form  There are areas I know a lot about and others in which I'm operating blindly. Use the model of CalPers. When CalPers, a very large employee union,  gets on the phone it is anwswered and they push against the system successfully. The individual members of CalPers don't have to get into the details. There's no reason why that model can't be used to marginalize concentrations of power. OK, so no more unions? Then we unify under a different banner. Like a union of Patriots who's money is used for a wider ROI than just short term gains. there is a lot of power there...

      > 518,000 American children are in foster care. Got any bandwidth? Mentor or support the kids in your zip code with emergency, short, or long term care.

      by kck on Thu Jun 15, 2006 at 09:57:04 AM PDT

      [ Parent ]

    •  Agreed, it's not the same (0+ / 0-)

      but the analogy is in the lack of interest in voting, as part of civic responsibility (political voting) vs. ownership responsibility (shareholder voting.)

      That you read and post on dailyKos presupposes that you are intereted in politics, research issues and candidates, and feel that your one vote is important in the greater scheme of things. That puts you in a rare group in the US (unfortunately.) There is, I think, a similar consideration to be made about shareholder voting, and you outlined it very well.

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