Comments on: Barack Obama, activist shareholder http://blogs.reuters.com/felix-salmon/2009/12/02/barack-obama-activist-shareholder/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Kramer http://blogs.reuters.com/felix-salmon/2009/12/02/barack-obama-activist-shareholder/comment-page-1/#comment-9519 Wed, 02 Dec 2009 19:20:38 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/barack-obama-activist-shareholder/#comment-9519 I think James Kwak has the best take on this:http://baselinescenario.com/2009/12  /02/never-a-good-sign/

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By: Brock http://blogs.reuters.com/felix-salmon/2009/12/02/barack-obama-activist-shareholder/comment-page-1/#comment-9510 Wed, 02 Dec 2009 17:17:49 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/barack-obama-activist-shareholder/#comment-9510 There are a lot of SEC and State regs that prevent Investors from exercising control over the Board and management. Making a laundry list of them would require more time and space than this comment field is suited for, but here’s my big idea: Make it a Federal law that the shareholders may choose to change the State of incorporation of the corporation on a simple majority vote. This would dramatically change the focus of States such as Delaware from “management friendly” to “shareholder friendly”.I would also set into Federal law that poison pills and tiered Boards are a violation of the shareholders’ basic right to control the company it owns, and therefore illegal as a matter of public policy.Together these two reforms would go a long, long way towards active investor control.

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By: onthetimes http://blogs.reuters.com/felix-salmon/2009/12/02/barack-obama-activist-shareholder/comment-page-1/#comment-9509 Wed, 02 Dec 2009 16:51:10 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/barack-obama-activist-shareholder/#comment-9509 If Obama wants GM to succeed, he better get rid of Whitacre. Fast. Whitacre’s biggest accomplishment was that the near monopoly he ran (ATT) didn’t go our of business. Unlike ATT, GM has lots of competition, and the same tactic of providing as little value as possible for as much as possible isn’t going to work (of course, he was pretty good at lobbying Congress, but that won’t be enough to get people to buy garbage). Too bad he doesn’t know anything about cars, maybe he can ask his chauffeur.

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By: Sean http://blogs.reuters.com/felix-salmon/2009/12/02/barack-obama-activist-shareholder/comment-page-1/#comment-9506 Wed, 02 Dec 2009 16:31:48 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/barack-obama-activist-shareholder/#comment-9506 Obama has been better than others likely would have been at pushing big corporations on the public dole to take positive restructuring action. But it still stinks. Nationalization followed by orderly dissolution was the only real solution. Regardless of how the government manages bailed out firms, the lesson will be lasting: take the biggest risks and if you win, you take home billions and if you lose, the government will back your losses. It will be almost impossible to change that perception. Even if the government lets a reckless firm or bank go under now or two years from now when the expense of this becomes so overwhelming, it will do nothing more than create contradictions, create confusion. It will not be clear that the government will let billionaire risk takers bear their own losses until they refuse to bail them out many, many times in many different situations.My expectation is that the US is finished. The average person’s disgust with these bailouts and the fact that the rules only apply to average people and the super rich get to take the common man’s tax money at gunpoint for their own vaults of plunder will stop people from their borrow and spend habits and ultimately it will force government to devalue the dollar more aggressively than they have until now.In short, I think the inescapable end of all of this will be a fantastic deterioration in the standard of living in the United States accompanied by some sort of civil unrest, or a very big foreign war that conveniently destroys some important engines of global economic production putting the US back in the driver’s seat like it was after WWII when the whole world was a smoking ruin except for the US where not so much as a glass bottle was broken and that enabled the US to demand whatever it liked for its economic production and expertise because no one else had any.As a final note, what’s with the picture Felix? Either that’s a bad haircut or it’s a toupee, but regardless, it’s probably wise to get another photo on there.

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By: Lee Stone http://blogs.reuters.com/felix-salmon/2009/12/02/barack-obama-activist-shareholder/comment-page-1/#comment-9505 Wed, 02 Dec 2009 16:31:24 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/barack-obama-activist-shareholder/#comment-9505 In trying to characterize what is comforting and yet exciting about this administration, you are absolutely correct. It is a far cry from the decades of “let well enough alone”, and speaks volumes about the role of government in a democracy. The cries of “socialism” are invalid. Accountability is a major cornerstone of successful capitalism. Bravo!

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By: howard http://blogs.reuters.com/felix-salmon/2009/12/02/barack-obama-activist-shareholder/comment-page-1/#comment-9504 Wed, 02 Dec 2009 16:09:48 +0000 http://blogs.reuters.com/felix-salmon/2009/12/02/barack-obama-activist-shareholder/#comment-9504 my bright idea is to improve boards by drawing from more than the upper 1% of the income distribution table. now it’s someone else’s job to produce the bright idea of how to implement that!

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