CounterRevolutionary

This sounds rather vague. Some businesses, where the manager owns the business, offer their employees a bonus check in profit sharing plan at the end of the year, or even offer stock in the company as part of their benefits. This is really nice, an incentive for all to work hard.

But very few businesses can afford their employee's actually managing a company, simply due to the employees' lack of experience in business management, especially large corporations. Most small and medium sized businesses have owners who work 24/7 for the first 10 years taking no salary whatsoever, pampering their precious help. A large turnover in the workforce is very costly.

There are some small co-ops that are employee owned and are successful, but you can't call that "socialism" where the government seizes control of total production and property.

But most of the time employees are not interested in learning the ropes of the company they work for.

If you want to close the growing gap between rich and poor, the best way would be to turn off the Bubble Machine at the Federal Reserve and create a stable currency backed by GDP. A Flat Tax would end fraud and corporate legal loopholes, allowing for competition to rise and build a strong middle class.

But the American socialists and labor unions want equal pay for unequal work, which avoids merit pay, despising small businesses. Have you ever worked for a unionized company? There is a serious morale problem in the workforce that the unions are pushing industry off shore.

Look at this new 3D printing industry, designing jet engines, for example. Could you make such a design, apply blueprints to robots, mass produce ("print") such a machine, market it for the aircraft industry, advertise, meet a payroll and bank every week?

Have you ever taken any courses in business management?

dtucker300 Loc: Vista, CA

Just the fact that you refer to the fat bald guy stereotype proves how out of touch you are. Were you influenced by movies or from seeing too many cartoons about the Robber Barons?
Even a large company, employee-owned, has the same problems inherent within a socialist government. Read Atlas Shrugged by Ayn Rand about the Twentieth Century Motor Company. Although this is a fictional account it explains exactly what happens because it is based on real situations the author has seen and experienced. It is in Part II, Chapter X, starting at the bottom of page 660 and continues to about page 670.

Milosia2 Loc: Cleveland Ohio

Milosia2 Loc: Cleveland Ohio

Would an employee owned company really be a bad thing?
Ayn rand was just another halfwit in the parade of halfwits.
Would the employees be better off without upper level management skimming more and more profit for the shareholders.
When the workforce is comprised of Stakeholders instead of Shareholders.
Two separate ways of looking at things.
The Stakeholders would be more willing to invest their own time and money into the company.
Shareholders would also want you to invest your time and money into the company but they would Keep any profits generated.they having nothing invested, just money.

Milosia

Here’s a little story that sums it all up,!


The C.E.O. - A Fun Poem
MarcB
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Corporate America
by MarcB | September 23, 2019 - 3:45pm

https://www.democraticunderground.com/1018791724

Fun poem by Rene Sonsmann from the Smirking Chimp.
I love poetry. Always have. So here goes.

THE C.E.O.

The company’s share price had failed to perform
And anxious fund managers demanded reform.
The Board decided the M.D. should be the fall guy
So he left with an eight figure ‘golden goodbye’.
They then set about finding, amongst corporate aces,
The man to put smiles back on shareholders’ faces.

The new Chief Executive drove into town,
The black-tinted windows of his limo wound down,
He toured all the factories and the high office tower,
Before taking control at his new seat of power.
He was a Captain Of Industry, Lord Of All He Surveyed,
Worth every mill of the king’s ransom they paid.

Now, it’s interesting that employers expect me and you,
In return for our wage, to do the best we can do.
But for Senior Executives such rules don’t apply,
And for ten mill a year you can’t expect them to try.
So the Board, as an incentive, agreed to offer the man
A staggeringly generous stock option plan.

Please don’t get me wrong, I don’t blame the guy,
For securing an income so obscenely high.
But as this story unfolds, I hope that you’ll see,
How that stock option plan does affect you and me,
And why the way that executives get their remuneration,
Should be a cause of extreme consternation.

His brief from the Board was to stop the decline
In the share price, which had gone only south for some time.
His first act was, of course, ‘A wide ranging review
Of all operations’, so he’d know what to do.
And with the eyes of the market upon the new man,
A month or so later he announced his ‘Grand Plan’.

While the company’s business, he said, was basically sound,
There were problems but nothing he could not turn around.
There’d be pain, there’d be cutbacks and, it grieved him to say,
There’d be substantial job losses – starting today!
His ‘Vision for the Future’, his ‘Strategy for Success’,
Were wildly acclaimed by the Financial Press.

Now a company’s share price, in case it’s not clear,
Depends, largely, on the profit it makes year to year.
And profit, for those not in commerce instructed,
Is the sum left from sales once costs are deducted.
And from this, you can see, that lifting profit entails
One of two choices – cut costs or raise sales.

To raise sales isn’t easy, certain or quick,
So which, do you think, did our C.E.O. pick?
Yes! He cut thousands of jobs and threatened that more,
Without much lower wages, would be t***sferred offshore.
The market approved, the share pundits said “Buy”,
This man clearly meant business, he was their kind of guy.

He cut back on maintenance, the preventative sort,
He cut capital spending, no new machines would be bought,
He cut Research & Development, existing products would do,
He cut advertising, admin and sales support too.
He cut workers’ pensions (though not the management team’s)
And all but abandoned the Employees’ Health Scheme.

Well, after all this cost-cutting, profitability soared
The Press lionized him, he was adored by the Board.
Investors were convinced and shares started to buy,
And when, two years later, they hit a new high,
He was on the cover of ‘Newsweek’, Time’s ‘Man of the Year’,
He rang the stock exchange bell, got a back-slapping cheer.

But those cuts, which gave profits a temporary boost,
Gave rise also to chickens that must come home to roost.
Machines broke down more often and caused production delays,
Annoying loyal customers, who had heard anyways,
That competitors’ products were now better and cheaper,
Sales fell, slowly at first, but then progressively steeper.

‘Creative Accounting’ now came to the fore
As honest-to-god profits weren’t made any more.
There were dubious t***sactions, asset revaluations,
Sale and lease-back arrangements, financial manipulations.
For a couple more years he maintained the façade,
But concealing the t***h became increasingly hard.

So the executive decided he’d not stick around
The company he’d managed right into the ground
From here on, he knew, things would only get worse,
So he sold the stock mentioned in an earlier verse,
And left with a profit of over one hundred mill,
Now, who do you think will get stuck with the bill?

It was a year or so later that the s**t hit the fan,
So a new C.E.O. had to carry the can
For the worst corporate crash of the past two decades,
While the former chief executive escaped largely unscathed,
The media being loathe to condemn or accuse,
Lest their own blind support become front page news.

The factories are silent now, the jobs gone offshore,
The city’s a ‘ghost town’, where few work anymore.
The company collapsed, though their brand name’s still known
But, though they don’t advertise it, it’s now foreign-owned.
The small investors and workers, for whom life was once good,
Paid the price with their pensions and lost livelihoods.

And the former C.E.O., what of him, you might wonder?
How fares the main culprit of this corporate blunder?
Well, he winters in Aspen and summers in Maine,
He bought a place in The Hamptons, flies his own Lear jet plane.
He’s much in demand and firms pay richly to hear,
Words of wisdom from the former ‘Time’s Man-of-the-Year”
1

Milosia

Please let me know what you think.

Milosia2 Loc: Cleveland Ohio

The fat bald guys are a continuous drain on profit. They are even worse today since Reagan lifted the imposed caps on CEO PAY.
Now they spend their time with other CEOs
Buying and selling each other’s companies.once bought they fire 1/2 of the workforce and layoff the rest. Pocket the cash , take out Loans buy back stocks,

dtucker300 Loc: Vista, CA

She may have been a halfwit but you are a complete nitwit!

I'll go so far as to bet that you think Ayn Rand is a halfwit because this is what you were told by other nitwits. You probably have never read her. I suppose you also think Milton Friedman is a halfwit. Maybe Marx is who you hold in high esteem. Which is it? Groucho, Chico, Harpo, or Zeppo?

If a company is going to be employee-owned the employees, i.e. owners, have to bring something to the table to invest so that they have skin in the game. Usually money, sk**ls, expertise, that are needed. Of course, employees would be better off w/o upper mgmt skimming profits, whether it be more and more, or less and less, skimming is skimming. What is your definition of skimming? Does it include adding value and receiving a salary in exchange? This is why people are free to go and create their own business instead of working for someone else. But there is risk/rewards involved in doing this. Most people don't want to take the risk. Most people want someone else to take care of them. They want their employer to provide everything and look after their needs. They want the government to provide everything and look after their needs. That's human nature to want to be taken care of.

Your false dichotomy, therefore, is not the only way to look at things.
Would they? What's to prevent an employee/owner from trying to skim profits by taking more than they contribute? Isn't this why employees are free to enter into a contract to work for pay? No one is forcing them to work for less than they are worth. Their worth is valued by what they can contribute. They are free to leave if they think they are not being valued fairly. If they are an employee/owner, who gets to decide if someone should be promoted or fired? Not themself. If everyone gets to decide there wouldn't be enough time for anything else to be accomplished if everyone is a stakeholder unless they agree beforehand that someone is responsible for making that decision. But who? This is why people receive a fair wage for a fair day's work. That is their incentive. When they think it isn't incentive enough, they ask for a raise or they can leave and go somewhere else.

Many companies have merit pay, bonuses, profit-sharing, and numerous other incentives for employees. Health-care, retirement, company perks. The world is competitive to attract the best employees that they can get. Unfortunately, there are too many people who don't have valuable sk**ls and think they deserve $15/hr.

I could continue, but it is obvious that you have never started nor owned a business. You are just another one of the takers in society. The world doesn't owe you or anyone else a living! Get out of your dreamlike reality and come back to the real world.

dtucker300 Loc: Vista, CA

This sounds like the Clintons or Obama on their lecture circuit.

Milosia2 Loc: Cleveland Ohio

Explain to me again, what is a billionaire?? You would rather defend a fat bald guy who went bed a millionaire and woke up a Billionaire. Slept through the entire t***sition. Rationalize it all by saying he must’ve worked really hard to wind up a billionaire but the t***h was he bought your senators and congresspeople to write and change laws so less and less would trickle down to all youz hard working Republican fools.
Hard work is not rewarded here. The more money you make the less hard you work. You would rather squabble with me than ask one of your billionaire pals
How much will be enough?
David Koch said he wanted it all !

America 1 Loc: South Miami

Some have mouths way larger than their brains.

Milosia2 Loc: Cleveland Ohio

I believe citizens born in this country should also be reaping the benefits of the wealth of this country.
Especially when the us taxpayer pays and pays to keep up the environment to become successful. Not a one of these Billionaires could have done it without help. As taxpayers pay for infrastructure interstate highways, national defense,hospitals, emergency service so. And on And on.
They Become wealthy and suddenly life isn’t fair they want ME to pay taxes????

Milosia2 Loc: Cleveland Ohio

You are fools.
Professional Sports players are paid a minuscule amount compared to the Owners.
Movie stars are mostly paid according the amount a picture brings in.
Do you think it would be fair if the owners MADE ALL THE MONEY??
That my friend is the third world policies we’re trying to stay away from.
I am trying to take anything away from anyone.
What I am saying is why should I pay for infrastructure while some Fat bald guy walks off with all the money.
Speaking of money where’s the $27 Trillion the Pentagon told auditors it had no idea where it went.
Was that taxpayer money taken from you???
You think I have problems???
So. You didn’t like my poem ???did it hit a nerve.

Milosia2 Loc: Cleveland Ohio

* I am Not trying to take anything away from anyone.

Milosia2 Loc: Cleveland Ohio

And t***h be known the gigantic subsidies we give to farming should include produce, and meat for everyone.
You see we are paying for it anyway.