In <[EMAIL PROTECTED]>, on 09/06/2005
at 09:26 AM, Bill Fairchild <[EMAIL PROTECTED]> said:
>I have the same prejudice NOW, since my income is solely from being
>an employee. However, retirees often live on proceeds from
>investments made years ago in publicly owned corporations whose
>main responsibility BY LAW is to their stockholders and NOT to
>their employees.
Corporations are governed by multiples laws. Their obligations to
their shareholders are, by law, subordinate to their obligations to
meet payroll and to fulfill contracts.
--
Shmuel (Seymour J.) Metz, SysProg and JOAT
ISO position; see <http://patriot.net/~shmuel/resume/brief.html>
We don't care. We don't have to care, we're Congress.
(S877: The Shut up and Eat Your spam act of 2003)
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