Monday, October 13, 2008

Give Control to the Owners!

Representatives, both for the Taxpayers and for the Shareholders, are acting in their own self interests rather than for the interests of those they represent.

What can be done to correct this injustice?

Starting with the Taxpayers:

1) Limit terms of Public Office to Maximum 3 terms.
Too many public officials using public office as their personal career rather than an obligation to serve the public.

2) Institute Recall Procedure for all Public Officers.
If public official is not acting in the best interests of the electorate, there should be provision to remove that official from office.

3) Keep exorbitent salaries to attract "good" people, but eliminate retirement benefits and after term perks.
Current retirement benefits and perks outrageously out of line encouraging public officals to seek public office for their personal welfare rather than the desire to serve their country. However, competent, successful citizens should be compensated for personal financial sacrifice to serve their country.

4) Increased remuneration subject to vote of the taxpayers.
Government officials have given themselves outrageous salaries, perks and retirement benefits without any concent from the taxpayers.

For Shareholders:

1) ALL profits of the business given to shareholders as dividends after prudent funds kept in Surplus for contingencies.
Too many CEO's using business profits as extra personal reward without concent of owners.

2) Any expansion of the business to be made through sale of stock shares after vote of shareholders, with first option for purchase given to stockholders.
Too many CEO's taking risks with profits of owners to reinvest these profits without any consideration for the rights of the owners.

3) Remuneration of Corporate Officers and Directors subject to vote of stockholders.
Corporate Officers, like elected government officials, are in a position to dictate their own remuneration regardless of the condition of the business or concent of the owners.

4) Gifts to support Political Parties and Charities NOT to be given by Corporate Officers or Directors. Profits belong to shareholders to use as THEY see fit.
Current CEO's use owners profits to support their choices of political candidates and charities without any consideration for the wishes or desires of the owners.

WHAT ARE YOUR THOUGHTS ON THIS?

1 comment:

The View From 2217 said...

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ewhitne2@nycap.rr.com