Comments on: Oil Companies Buy Back Stocks – Why You Should Be Angry

By: Bob Downs

Bob Downs — Tue, 28 Oct 2008 20:39:28 +0000

Lets not forget that corporations are not just
some uncaring evil monster.

They are composed of people, employees, stockholders and yes, management. And some might even be your neighbors.

Why should a corporation not serve its own self
interests as long as they are legal?

As others have pointed out here, these organizations need to serve the interests of
its owners.

I know its very popular to bash ‘those evil corporations’ but this is just a political
division tactic.

Those that want to tax those that make money
in our economy only serve to dislocate the
economy and punish the end user who they profess to want to help.

By: frank

frank — Sun, 11 May 2008 14:04:33 +0000

It amazes me that there’s always someone looking out for the big companies. Let us not forget what some big companies **cough, enron, cough** got away with. Yes, I wish everyone and corporation had ethical and moral standards. Unfortunately that is not the case! With that in minde if government intervention is necessary then it should be done. Before you go and utter “socialist” think back to some of the benefits of law… airbags, seatbelts etc.

By: Brian Carr

Brian Carr — Fri, 28 Sep 2007 12:06:12 +0000

It’s unfortunate that it appears our government is putty in the hands of lobby groups and corporations.

By: Rob

Rob — Fri, 28 Sep 2007 03:43:44 +0000

Sigh… “off topic?”

By: Rob

Rob — Fri, 28 Sep 2007 03:25:23 +0000

“Loser pays” is the answer. It will never happen though because every branch of every level of government is in the pocket of the trial lawyers’ lobby. Many occupants of these government positions ARE attorneys.

Umm…. is this rant a little of topic?

By: Brian Carr

Brian Carr — Fri, 28 Sep 2007 01:03:14 +0000

It would be nice if baseless claims never saw the light of day…

By: Oreclub.Com » Oil Companies Buy Back Stocks - Why You Should Be Angry

Oreclub.Com » Oil Companies Buy Back Stocks - Why You Should Be Angry — Fri, 28 Sep 2007 00:56:11 +0000

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By: Rob

Rob — Fri, 28 Sep 2007 00:51:21 +0000

That would be that argument all right, but even if valid, and even if the judge/jury agreed, the (literally) millions of dollars poured down the rat hole of legal fees, etc. can never be recovered.

We are hugely handicapped economically by the requirement for production of high quarterly profits. This ties one fist behind our back, so to speak. Then our legal system wherein there’s literally nothing to lose by suing, cuts off the remaining arm and kneecaps both legs.

By: Brian Carr

Brian Carr — Fri, 28 Sep 2007 00:44:54 +0000

Wouldn’t it be easy to argue that if the company reinvested the profits into positioning itself to be a leader in renewable energy that it would be putting the shareholder in a much more favorable long term position?

By: Rob

Rob — Fri, 28 Sep 2007 00:28:50 +0000

Unfortunately, if a shareholder can present a case that a company did anything to reduce share price, or even failed to do something that would increase share price, he/she can and likely will sue. At best, this will send a huge pile of money to attorneys.