A Quote by Fulton J. Sheen
The workmen in a factory may have a shadowy, unknown absentee "employer" - the thousands of individual owners of stock - whom "management" represents and tries to please by extra dividends. The workman's livelihood is at the disposition of strangers who make a single demand of their representatives: higher profits.
Quote Topics
Quote Author
Related Quotes
Faith is precisely the paradox that the single individual as the single individual is higher than the universal, is justified before it, not as inferior to it but superior - yet in such a way, please note, that it is the single individual who, after being subordinate as the single individual to the universal, now by means of the universal becomes the single individual who as the single individual is superior, that the single individual as the single individual stands in an absolute relation to the absolute.
The greatest problem before engineers and managers today is the economical utilization of labor . The limiting of output by the workman, and the limiting by the employer of the amount a workman is allowed to earn, are both factors which militate against that harmonious co-operation of employer and employee which is essential to their highest common good.
There would be no idling in a co-operative workshop. Each workman, being an employer, has a spur to his own industry, and has a pecuniary reason for being watchful of the industry of his fellow workmen.
The other dynamic keeping the stock market up - both for technology stocks and others - is that companies are using a lot of their income for stock buybacks and to pay out higher dividends, not make new investment,. So to the extent that companies use financial engineering rather than industrial engineering to increase the price of their stock you're going to have a bubble. But it's not considered a bubble, because the government is behind it, and it hasn't burst yet.
Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." ... The public owners seem to have abdicated all claim to control over the paid superintendents of their property.
The difference between "machines" and "engines" is obviously this, that machines need more workmen and greater power to make them take effect, as for instance ballistae and the beams of presses. Engines, on the other hand, accomplish their purpose at the intelligent touch of a single workman...
Now in regard to trades and other means of livelihood, which ones are to be considered becoming to a gentleman and which ones are vulgar, we have been taught, in general, as follows. First, those means of livelihood are rejected as undesirable which incur people's ill-will, as those of tax-gatherers and usurers. Unbecoming to a gentleman, too, and vulgar are the means of livelihood of all hired workmen whom we pay for mere manual labour, not for artistic skill; for in their case the very wage they receive is a pledge of their slavery.
I don't like stock buybacks. I think if a company has the money to buy their stock back, then they should take that and increase the dividends. Send it back to the stockholder. Let them invest their money again from the dividends.
A man who tries to make the workmen believe that their employers are their natural enemies is indeed the worst enemy of workmen. For the employees of yesterday are the employers of today, and the employees of today can and will partly be the employers of tomorrow.
I'd like people to remember me for a diligent expert workman. I think a poet is a workman. I think Shakespeare was a workman. And God's a workman. I don't think there's anything better than a workman.
Nearest to all things is that power which fashions their being. Next to us the grandest laws are constantly being executed. Next to us is not the workman whom we have hired, with whom we love so well to talk, but the workman whose work we are.
Management, in the sense of employer, is merely the agent for the public, the stockholders and the employees. It is management's job to preserve the balance fairly between all these interests, that each may have his fair share without imperiling the continuity of the effort upon which the whole depends.
As for the employees, the payment in stock options revives, somewhat ironically, the old anarchist ideology of self-management of the company, as they are co-owners, co-producers, and co-managers of the firm.
However benevolent may be the intentions of Providence, they do not always advance the happiness of the individual. Providence has always higher ends in view, and works in a pre-eminent degree on the inner feelings and disposition.
The vegetable life does not content itself with casting from the flower or the tree a single seed, but it fills the air and earth with a prodigality of seeds, that, if thousands perish, thousands may plant themselves, that hundreds may come up, that tens may live to maturity; that, at least one may replace the parent.
Hundreds of thousands and millions of wage slaves of capital and peasants downtrodden by the serf-owners are going to the slaughter for the dynastic interests of a handful of crowned brigands, for the profits of the bourgeoisie in its drive to plunder foreign lands.
Related Authors
Aiden Wilson Tozer Quotes
American
Priest
Billy Graham Quotes
American
Priest
Charles Spurgeon Quotes
British
Priest
Gordon B. Hinckley Quotes
American
Priest
Henri Nouwen Quotes
Dutch
Priest
Henry Ward Beecher Quotes
American
Priest
Joel Osteen Quotes
American
Priest
John C. Maxwell Quotes
American
Priest
John Piper Quotes
American
Priest
Max Lucado Quotes
American
Priest
Pema Chodron Quotes
American
Priest
Pope Benedict XVI Quotes
German
Priest
Pope Francis Quotes
Argentinian
Priest
Rajneesh Quotes
Indian
Priest
Swami Vivekananda Quotes
Indian
Priest
Thomas S. Monson Quotes
American
Priest