--- [EMAIL PROTECTED] wrote: "I feel fairly confident in believing, however, that he did not mean that the financial incentives would produce CEOs with a militaristic or glory-seeking bent."
So do I. (BTW, I wouldn't consider the list of people I gave to be 'militaristic,' although all were leaders during war.) However, I do see such an outcome as being possible. To increase stock price, the CEO must make people want to move to the States in three possible ways: make the States more desirable, the rest of the world (ROW) less desirable, or some combination. Domestic problems can frequently be knotty and politically dangerous. It might pay for the CEO to develop jingoistic, neo-mercantile policies which might make the world worse off, but may benefit the States at the expense of ROW. So, for example, the CEO could pursue int'l policies that would prevent India from having a strong high-tech industry as a means to get educated Indians to move to the States. It seems to me that such a scenario degrading into some of the lowest depths of mercantile excesses is too likely to be a safe choice. --- Eric Crampton <[EMAIL PROTECTED]> wrote: "If the market price is too high for a liquidity constrained poor person to come in, I'm sure that there would be tons of companies selecting out the hard working poor foreigners, buying them shares that they're indentured to pay off." Good point. And it does depend on the market clearing price as well, which you noticed and I did not. Though at your estimated price of $700K per share, I don't see alot of ROW poor coming and being able to pay that off. Of course, since that share is good forever, they can pass the debt on to the child who receives it, and so on. However, since the price of default would be deportation, and a person has to be deported *somewhere*, the child could just choose not to pay. Do you think a firm would take the risk of plunking down that kind of money for a multi-generation debt? I am curious why you used GDP as the basis for share calcualtion. I'm not attacking it, I just don't it's appropriate. Best wishes, -jsh __________________________________________________ Do You Yahoo!? HotJobs - Search Thousands of New Jobs http://www.hotjobs.com
