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View Diary: It's Not Wage Stagnation, It's Wage Robbery (151 comments)

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  •  "Web of hedge fund/private equity firms" (5+ / 0-)

    I should make a permanent link to where I can show and expand this more often, but look at the top ten largest owners of any Fortune 500 company, say, UPS, Dell, McDonald's, Disney, ExxonMobil, and Bank of America, and you'll find it's the same list of 12 - 15 names: Vanguard Group, State Street Corp., Goldman Sachs, BlackRock, Massachusetts Financial Corp., and a few others. Imagine the executives at those companies, and then imagine the investors that gave them a few million dollars when those funds started. They're the ones calling the shots.

    I'm living in America, and in America you're on your own. America's not a country. It's just a business.

    by CFAmick on Tue Mar 04, 2014 at 01:03:21 PM PST

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    •  Vanguard is owned by the investors. (0+ / 0-)

      Unlike the rest, Vanguard charges very little and does not have brokers push favored stocks on commission.  Otherwise I agree with you.

    •  Most of the entities you list as shareholders do (1+ / 0-)
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      so as mutual funds, Exchange Traded Funds, etc., where other parties are the ones that in effect own the company shares.

      This is very different than these financial companies owning these public companies.

      The most important way to protect the environment is not to have more than one child.

      by nextstep on Tue Mar 04, 2014 at 02:44:44 PM PST

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