#Shareholders

[thegoodmorningman]

Good Morning!!! You better hope your manager doesn't see you right now.

[nando161mando]

Be sure to thank the Shareholders

[locuas642]

Honestly, every news about mass lay-offs sound like

"This game/tv show/movie/platform" did Record Breaking numbers and actually cured cancer. however, the CEO invested a gazillion dollars on Pumpkings and forgot to sell them before Halloween, as a result they had to mass lay-off everyone who was involved on that"

"This ability to make Tough Decisions to save the company is why they are an excellent CEO everyone should emulate"

[bitchesgetriches]

[amalgamasreal]

SOURCE

[thoughtportal]

Dodge v. Ford Motor Company, 204 Mich. 459, 170 N.W. 668 (Mich. 1919)

The Michigan Supreme Court held that Henry Ford could not lower consumer prices and raise employee salaries.

Notably, obiter dicta in the opinion written by Russell C. Ostrander argued that the profits to the stockholders should be the primary concern for the company directors. Because this company was in business for profit, Ford could not turn it into a charity. This was compared to a spoliation of the company's assets. The court therefore upheld the order of the trial court requiring that directors declare an extra dividend of $19.3 million. It said the following:

A business corporation is organized and carried on primarily for the profit of the stockholders. The powers of the directors are to be employed for that end. The discretion of directors is to be exercised in the choice of means to attain that end, and does not extend to a change in the end itself, to the reduction of profits, or to the non-distribution of profits among stockholders in order to devote them to other purposes...

[reading-writing-revolution]

You've doubtless seen the outpourings of sarcastic graveyard humor about Thompson's murder. People hate Unitedhealthcare, for good reason, because he personally decided – or approved – countless policies that killed people by cheating them until they died. Nurses and doctors hate Thompson and United. United kills people, for money. During the most acute phase of the pandemic, the company charged the US government $11,000 for each $8 covid test: https://pluralistic.net/2020/09/06/137300-pct-markup/#137300-pct-markup UHC leads the nation in claims denials, with a denial rate of 32% (!!). If you want to understand how the US can spend 20% of its GDP and get the worst health outcomes in the world, just connect the dots between those two facts: the largest health insurer in human history charges the government a 183,300% markup on covid tests and also denies a third of its claims. UHC is a vertically integrated, murdering health profiteer. They bought Optum, the largest pharmacy benefit manager ("A spreadsheet with political power" -Matt Stoller) in the country. Then they starved Optum of IT investment in order to give more money to their shareholders. Then Optum was hacked by ransomware gang and no one could get their prescriptions for weeks. This killed people: https://www.economicliberties.us/press-release/malicious-threat-actor-accesses-unitedhealth-groups-monopolistic-data-exchange-harming-patients-and-pharmacists/# The irony is, Optum is terrible even when it's not hacked. The purpose of Optum is to make you pay more for pharmaceuticals. If that's more than you can afford, you die. Optum – that is, UHC – kills people: https://pluralistic.net/2024/09/23/shield-of-boringness/#some-men-rob-you-with-a-fountain-pen Optum isn't the only murderous UHC division. Take Navihealth, an algorithm that United uses to kick people out of their hospital beds even if they're so frail, sick or injured they can't stand or walk. Doctors and nurses routinely watch their gravely ill patients get thrown out of their hospitals. Many die. UHC kills them, for money: https://prospect.org/health/2024-08-16-steward-bankruptcy-physicians-private-equity/ The patients murdered by Navihealth are on Medicare Advantage. Medicare is the public health care system the USA extends to old people. Medicare Advantage is a privatized system you can swap your Medicare coverage for, and UHC leads the country in Medicare Advantage, blitzing seniors with deceptive ads that trick them into signing up for UHC Medicare Advantage. Seniors who do this lose access to their doctors and specialists, have to pay hundreds or thousands of dollars for their medication, and get hit with $400 surprise bills to use the "free" ambulance service: https://prospect.org/health/2024-12-05-manhattan-medicare-murder-mystery/

Pluralistic: Predicting the present (09 Dec 2024) – Pluralistic: Daily links from Cory Doctorow

[yeahiwasintheshit]

[harriswalz4usabybr]

Speech Governor Walz gave in Grand Rapids, MI!

[eaglesnick]

“Investing in training and development leads to the most significant return on investment a company can have.” - J.P. George

Anti-immigration rhetoric is one of the great rallying cries of the political right. We only have to look at the obsessive way the Tory Party has put illegal boat crossings at the head of its political agenda over the last decade to realise this.

The Tory party, the Reform UK party, and many far-right fringe groups have been spewing out anti-immigrant diatribe for as long as I can remember. Whipping up anti-immigrant feelings is very easy. The immigrant is the "other" and by definition not one of "us". It is they who take our jobs, our houses and overburden our public services. Up to a point, all of these things are true but is it the fault of the immigrant?

For years the right wing press and the Tory Party have directed our attention towards illegal migration but illegal migrants are not the real issue. It is LEGAL immigrants that make up the vast majority of those entering our country and many of these are invited here by big business.

Net migration hit a record 906,000 people for the year ending June 2023. Of these 52,530 were illegal immigrants, a mere 5.7% of the total immigrant population.

Overseas students are counted as immigrants, and for year ending June 2023, 326,000 were resident on study-related visas. Why foreign students are counted as immigrants is a little mystifying as the vast majority go back to their home countries after completing their studies, but if we take this figure away from the 906,000 we are left with 580,000. If we take away the illegal immigrants numbers form this figure we arrive at a total LEGAL immigrant figure of 527,470.

In other words, over half a million immigrants a year are allowed into Britain and many of these are invited here by big business. The excuse business uses for this mass recruitment abroad is that the British people do not have the skills they are looking for. The question then arises as to why British people lack relevant skills.

Professor Brain Bell, the chair of UK’s Migration Advisory Body, states:

“In the last 10 to 15 years there has been a 27% reduction on how much employers spend on training and a 31% reduction in how much the government spends on adult education.” (BBC Today Programme: 29/11/24)

This has resulted in fewer and fewer skilled workers, which on the surface you would think was a bad thing for both employers and government.  But austerity obsessed Tory governments and tight-fisted businesses have been able to recruit cheap labour from abroad to fill the gaps. Businesses have not been training British people because it saves money for the shareholders. Tory government hasn’t been training people because it’s dogmatic adherence to neo-liberal economic theory dictates it cut public spending as much as possible.

The Tories have tried to divert our attention away from this policy by highlighting illegal boat crossings and employers have, understandably, simply remained silent concerning their contribution to record immigrant numbers.  Yet business’s made 453,000 work visa applications for the year ending September 2024, a figure eight times greater than those arriving illegally.

So next time a right-wing politician or commentator goes rants about immigrant numbers remember it is businesses that are responsible for the large majority of immigrants coming to this country. If they and government had invested in training our young people over the last 20 years then we would not need to import cheaper labour from abroad, but then business would have made less profit and government would have had to spend a little more money on adult education. 

[thegoodmorningman]

Good Morning!!! Let's continue this conversation.

[nando161mando]

I don't know what to say.

[blackswaneuroparedux]

οὐ γὰρ ἔστιν ἔπαλξις πλούτου πρὸς κόρον ἀνδρὶ λακτίσαντι μέγαν Δίκας βωμὸν εἰς ἀφάνειαν*

- Aeschylus

Riches are no defence for a man who has insolently trampled underfoot the altar of Justice until it disappears.*

Larry Fink, chairman and CEO of BlackRock. The main instigator behind the ESG fad with his much derided annual ‘CEO’s Letter.’

[judas-isariot]

A yogurt against capitalism at last ! Inspire after seeing a stupid yogurt ad at a bus station and joking about it with a friend.

OG undercut:

[soapdispensersalesman]

Good