BobKowalski
Well-Known Member
- Joined
- 17 May 2007
- Messages
- 21,511
FWIW, Did you see McDonnell now saying shareholder value is the root of all evil???!! He really genuinely is 100.0% bone fide Marxist isn't he.
Clearly he only presents externally what he thinks either the public like hearing about (vast spending on public services and other bribes) or what he can get away with. But I wonder what he really would have in mind if god forbid he ever got a majority??? It doesn't bear thinking of. We are talking full on proletarian revolution. We could genuinely look forward to the United Kingdom becoming yet another failed communist state. Of course he's never going to get that far, but what a frightening prospect.
The focus on shareholder value and prioritising short term stock growth at the expense of other metrics has been detrimental. The Trump tax cut which was sold as a chance for business to grow, hire and see workers benefit through higher wages found most of it went in increased returns to stockholders via increased profits. This also promotes value of stock thereby increasing renumeration for executives.
Increasing stock value cannot be dismissed as a metric given pension funds are also shareholders but using it as a sole metric is unhealthy.