QUOTE (RoostKing @ Oct 5 2011, 09:27 AM)

QUOTE (socaldmax @ Oct 5 2011, 09:04 AM)

QUOTE (RoostKing @ Oct 2 2011, 02:19 AM)

QUOTE (feedmelies @ Oct 2 2011, 12:18 AM)

The whole movement has largely socialist motivations. I don't believe in socialism.
These guys basically blame capitalism for the problems we're facing financially. The cause of our problems isn't capitalism, it's corporatism i.e. the government colluding with corporations and bankers. Government is the problem, not capitalism.
I am glad that people are becoming passionate enough to make a stand. I just believe their energy is misguided.
Thats my thoughts as well and thanks for helping me clarify what I was trying to put into words. I dont begrudge the CEO who gets a 12 million dollar golden parachute. I dont own their stock. I would like to see the issues separated and these protests be solely about the ineffectual govt this country has (PAST AND PRESENT) and how beholden to corp. America they are, at the expense of the people.
You (we all) should be concerned about some fat ass sitting in an office smoking cigars getting paid $12M for golfing with his buddies. You can't convince me that he earned that money, he just got paid it. That's the problem with this country, too many people want to get rich for doing nothing but sitting at a desk. Nobody is that productive that they are worth that kind of money.
It's called greed. When you want more than you're worth. It's so ingrained in this society, nobody eve notices it any more.
I'm not sure exactly why those people are rioting on Wall St. Chances are, they don't even really know why. But I think it's way over due.
Just to clarify, Im not talking about the banking execs making millions for helping create this mess, Im talking about the CEO's of companies like HP and Yahoo. The shareholders should be concerned, but what happens if those private companies go out of business or spend themselves to bankruptcy is not my concern. They did get taxpayer money, although I guess my 401 K's would be impacted. Im just pissed at the Federal reserve and the entire banking system (and those people who used their house like an ATM machine)
I'd lump anyone who makes a multi-million dollar salary in the same boat: greedy.
Let's get back to what motivates people: money. The desire to succeed, get ahead of others or where they were before. The very foundation of capitalism. Nobody founds a company in the hopes of sweeping the floors for 20 yrs. They want to make millions while doing nothing but ordering others around and hiring someone else to sweep the floors. That's not really work. Starting a company is hard work, bu ordering others around isn't really work.
So what happens when you pay someone enough money that they could retire at any moment live off of their golden parachute and and never even notice the loss of income? They become complacent, they lose sight of what made the company great. They forget they work for CUSTOMERS, not SHAREHOLDERS.
When CEOs make decisions based on quarterly dividends for shareholders, that's called shortsighted and it's bad for business as a whole. When they make strategic moves that will pay off in the long term, that's good for business. Without getting into too much detail and speaking VERY broadly (meaning there are lots of exceptions), most American companies are shortsighted and dividends driven, and many Japanese companies are core business driven and make strategic moves that may not pay off for years, but will put the company in a great position for decades.
Look at Honda, Toyota, Yamaha just ot name a few. Yamaha makes motor vehicles and musical instruments. In both categories, arguably some of the best in the world. Why? Because of R&D and a commitment to excellence and engineering. NOT to dividends and shareholders. Their symbol is 3 tuning forks, meaning all of their engineering is based on resonant frequency, whether it's tuning the cabinet of a piano or designing the intake and exhaust of a quad, resonant frequency is at the core of their business.
How did Toyota and Honda start off so small and get so huge? Especially when they sell 90% of their cars overseas. Most of their cars are designed for export, not domestic use. Because they invested in R&D, designed superior vehicles, more reliable and better fuel economy and paid attention to the features customers wanted. Even before GM collapsed, Toyota's gross profits per yr were more than GM's total asset value. Meaning Toyota could have bought GM with cash reserves, not even pulling a loan to buy an entire company that used to be a cornerstone of the US economy.
How did this happen? Because GM spent too much effort catering to investors, and paid too much to labor unions. If they had focused more on building better cars (all of the American auto mfrs) the Japanese wouldn't have been able to sell enough cars to make any difference at all. Think about it. Some guys on an island smaller than CA out designed, out engineered and out sold the big 3 from the biggest, most powerful country on the planet. By focusing on the work, not making money for investors. You don't build a better car by catering to stockholders or doing anything by committee.
That's just one example. Look at the bridge being built up near San Francisco by the Chinese. They're building it in China, then shipping sections all the way across the Pacific, and they're doing it better, faster and cheaper than we can locally. We should be utterly disgusted at that fact.