A Quote by James Surowiecki
In confusing stock options with ownership, corporations confuse trappings with substance.
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When you give chief executives too much compensation in stock options, they concentrate too much on the stock price, and there is a perverse incentive to raise the stock price, particularly when the chief executive wants to exercise his own options.
Having witnessed the success of Acadian Ambulance firsthand over the years, I became a champion for the employee stock ownership plan business model. This was easy to do based on the evidence that employee stock ownership plans are reliable, high-performing sources of retirement security.
The vast majority of companies don't go public and mint dozens of millionaires. And most companies don't go around doling out stock options; private companies tend to be very tight about ownership.
I write to make some sense of things that confuse me. The mechanics of my own heart are the most confusing I know about - and don't know about - and other people's are a bit confusing, too.
To break the power of the big corporations, we would propose that the biggest 500 corporations that dominate the rigged economy and political system should be taken into public ownership, and run democratically.
Erotic names, robes, insignia of office, titles- the trappings of religion- confuse as much as they help.
Some representatives of monopolistic capitalism, sensing this evil in their system, have tried to silence criticism by pointing to the diffused ownership in the great corporations. They advertise, "No one owns more than 4 percent of the stock of this great company." Or they print lists of stockholders, showing that these include farmers, schoolteachers, baseball players, taxi drivers, and even babies.
One of the proven ways of getting workers more involved with their jobs is by dovetailing employee profit-sharing and stock ownership plans with greater responsibility sharing... Trade unions in this country should... consider these arrangements much more carefully than they have up to now... Expanded employee profit participation and stock ownership would provide workers with a greater measure of economic and social independence, thus stimulating increased productivity.
Each person must decide for himself what he wants each day. As a leader, I will expose you to the options and the likely consequences of those options. I'll even share my opinion if asked, but I'll never confuse it with the opinion, which simply doesn't exist.
I thought the stock was a great buy. I think anybody that bought the stock in 1999 was - saw over the next couple of years a strong growth. During the year of 1999, I significantly increased my ownership of shares in the company.
Meanwhile, what about the workers in those state monopolies that are being put up for sale? I am reminded of a technique for employee ownership that has worked well for many U.S. companies. It goes by various names, but the best known is "Employee Stock Ownership Program," or ESOP.
We would much prefer to see ownership in the hands of the Maple Group, if only because we would much rather see Canadian ownership of our stock exchange. What we are first of all interested in is making sure that Montreal is able to preserve that niche or expertise.
Exotic names, robes, insignia of office, titles - the trappings of religion - confuse as much as they help. They endorse the assumption of the existence of an elite whose explicit commitment grants them implicit extraordinariness.
I used to think that having many material things would increase one's stock of happiness. I found that to be completely untrue. The trappings don't make the man at all.
A lot of people at Shearson ended up making a lot of money because they had stock or stock options. Their kids were able to go to college, and it changed a lot of people's lives.
Common hedging techniques include shorting stocks, buying put options, writing call options, and various types of leverage and paired transactions. While I do reserve the right to use these tools if and when appropriate, my firm opinion is that the best hedge is buying an appropriately safe and cheap stock.
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