Forum Post: Time to Rewrite rules on Corporatism and Politics, some ideas
Posted 12 years ago on Jan. 23, 2012, 3:20 p.m. EST by ohmygoodness
(158)
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Let us start by assuming that Leaders in business and politics are good but the reward system is corrupting.
So shareholders start to reward business leaders on the following:
- Customer satisfaction weightage 20%
- Employee satisfaction weightage 20%
- Societal contributions by way of supporting local education, jobs etc. weightage 30%
- Business innovation and investment weightage 25%
- Profitability weightage 5%
For Politicians
Every congress person starts with a 100% recall vote.
For every bill proposed by the 99% if they vote for it then the recall is reduced by 20% or some figure depending upon the number of bills annually proposed and the importance of the bills.
Do you mean the customers can lower the CEO's excessive salary by a boycott on it's product. General Mills CEO made 10 million, but compared to profits of 2.9 billion, it's only 1/3 of one percent. The bulk of the money is made by the shareholders. 644 million dollars paid out in dividends in 2010.
If the salary was in accordance with the weightage given earlier so be it, but I have my doubts.
Yes, customers should enforce good governance by opting for companies which are for contributing to society at large and educate shareholders accordingly.
Personally I favor a boycott of the big four cereal producers because that $3.00 16 Oz. box of cereal contains just 11 or 12 cents of grain. The advertising is the main ingredient by price. Cereal has one of the highest markups in food production. The profits go mainly to the share holders, the one per cent, the ones who buy our elections.
kinda 'cept the corps already have the wealth
.644 billion/ 2,9 billion = 0,222068966
I doubt that shareholders would agree, but it still could be required of publicly traded companies. You want that corporate charter? These are the rules. Right now it's weighted in the other direction BY LAW...and it's killing us.
actually it is 100% profitability point..
sort of killing the golden goose.
and in a previous note about customers voting with their wallets.
Customers are human beings, often busy and fallible. They don't wake up every morning and make socially informed decisions about where they're going to shop. And the capitalists like to keep them dumbed-down. War on Christmas = not real. War on Education = very real.
Let's make it unlawful for politicians to accept any forms of financial or other types of contributions that are not given by a person, and above a set limit per person. If they break this law, immediately arrest and jail them, just as any OWS protester is.
We need something like this. Prohibit insider trading by members of Congress, get rid of the lobbyists, have term limits, get rid of PACs...etc.
Unfortunately, I don't see this happening, unless we really stage a real revolution in this country. And I doubt that will happen too, because Americans are too deep in their I-Pad-induced, Jersey Shore-loving slumber.
Something needs to happen to wake the sheeple up.
It's up to the shareholders to decide how the CEO's are rewarded. It is their business.
Let us say while you might be right with regards to ownership then let us say then customers vote with their wallets to enforce such governance.
You might be surprised to see that putting such metrics into place might or rather will increase profitability, There ain't good business until business is good.
yeah, I am sure you would love that. Handouts from corporations. Who gives a damn about profitability and sustainability of the corporation as long as free loaders like yourself can milk it till the last penny.
The heart of the problem is:
http://occupywallst.org/forum/the-heart-of-the-problem-with-the-government-corpo/