Got feedback on the new design? We're Listening! Send us Feedback

Your Money, The Power of You »

Posted by: Eagle_Eye 10 months, 1 week ago

8.4

Scale of 1 to 10

Read: 45

Propped: 98

Comments: 24

Click Prop It to Raise Score

Prop it

Americans own trillions of dollars in stock through pension funds, savings plans and as individual investments. And increasingly, they're using their clout to rein in corporate America, launching campaigns to dump a CEO, to change a company's unprofitable course or to go green.

Read Full Story at aarp.org

Join the Discussion

+ Add Comment

Comments So Far: 24

0%
Eagle_Eye10 months, 1 week ago

"Shareholder activism has been on the rise ever since the Enron and MCI WorldCom scandals, when employees and shareholders lost hundreds of millions of dollars to fraud, says Amy Borrus, deputy director of the nonprofit Washington-based Council of Institutional Investors. "Directors realize they have to take note when shareholders raise concerns."
We CAN make a difference with our dollars!!! Sell off your stock in companies who's policies you don't agree with or get active in writing them about your concerns.
Reply
5 Replies
- lovermanComment removed: User banned.4 Replies
  - 0%
    capecoralM10 months ago
    
    Yes get more government involved in the Private sector that is the answer. Perhaps Bill&Hillary if voted into the White house will follow through on The pledge to confiscate the profits and assets of the shareholders. Hillary has vowed to crack down on these companies and confiscate the stocks & assets. Then Bill&Hillary can set the wages of the CEO and all the employees. No one will be above these wage and Price setting regulations! They can take a page right out of Hugo's manual. Many privately owned supermarkets have suspended sales of beef, milk and sugar in recent weeks after one chain was temporarily shut down for hours for pricing meat above government-set levels. Shut-them down!
    Reply
    3 Replies
    - lovermanComment removed: User banned.2 Replies
      - 0%
        capecoralM10 months ago
        
        I believe your Premise is a double false in the sense your statement indicates that all Corporations are corrupt and all board members as advisers are corrupt. It is a false premise that you base your presumptions on.
        The Sarbanes-Oxley Act of 2002 (Pub. L. No. 107-204, 116 Stat. 745), also known as the Public Company Accounting Reform and Investor Protection Act of 2002 and commonly called SOX or Sarbox; is a United States federal law signed into law BY President George W. Bush on July 30, 2002 in response to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Peregrine Systems and WorldCom. These scandals resulted in a decline of public trust in accounting and reporting practices.
        Reply
        1 Reply
        
        lovermanComment removed: User banned.
0%
Spadecaller10 months, 1 week ago

The corporate lobbyists like to foster the feelings of meakness and despondency among the voters and those that oppose their corrupt influence on our government.
It is only by concerted action of the electorate that we can ever hope to take back our government. We can make a difference. But it requires inspiration, perspiration, vigilance, and unity. While we are working towards those goals, I try not to become too angry with those of us who have given up hope altogether. Altruism is the last hope a failing democracy.
Reply
0%
not2needy10 months, 1 week ago

It will definitely take collaberation on everyone's, but it can be done. There is power in numbers.
Reply
0%
simonsez10 months, 1 week ago

Good article,EE. We can use our power of ownership to try to be part of the solution.

Reply
0%
Eagle_Eye10 months ago

If you look at where your money is invested, (i.e., Money Markets, IRA et all) you can see who the corporations are that we are invested in and start writing letters.
A Board of Directors will listen to stock holders concerns over how much a CEO makes (and them), corporate perks, corporate spending EVEN the handling of employees benefits.
We can effect change, especially when a community gets together and starts action.
Reply
0%
eugenegerard10 months ago

Democracy scares the bejezzuz out of these guys.
Reply
0%
DarkWizard10 months ago

If there is power to be had in this mode then we should take advantage of it! If money and numbers are the only language they understand and respect, by all means, use it!
Reply
2 Replies
- 0%
  BronxBomber10 months ago
  
  Boy! Did you ever hit the nail on the head DW!
  Reply
  1 Reply
  - 0%
    ecotourusa10 months ago
    
    BB, DW does that...
    (and so do you and others here...we're great!)
    :)
    Reply
0%
icono110 months ago

They say that money talks and bullshxt walks but guess what when THE MONEY starts walking then the bullshxt starts listening. Good post.
Reply
0%
insideoutgraphics10 months ago

I must admit I know squat when it comes to numbers. But here is an interesting article as well as the web site for eco freedom that deals with stocks, and all of the stuff that is beyond me. I can't even read through one of the many prospectus??? I recieved . If they would stop sending me all those books I think maybe at least a few trees would have lived.
Max Keiser
"Broker of Dissent"
http://www.karmabanque.com/
http://www.eco.freedom.org/articles/deweese-120...
Reply
0%
RedRiverJ10 months ago

Power in numbers, we stick together we can accomplish much. Citgo is suffering right now because people refuse to support Hugo Chevez. Bank of America suffered when they gave credit cards to illegals, many people pulled accounts there. I cancelled my Progressive Auto Insurance when I found out it is tied to George Soros. Hit them in the pocket book, that's all they understand.
Reply
3 Replies
- 0%
  vvv63vvv10 months ago
  
  looks like we cancelled each other out rr... i switched to progressive and citgo
  Reply
  1 Reply
  - 0%
    Eagle_Eye10 months ago
    
    After BP's environmental nightmare was disclosed, I switched to purchasing Shell gas.
    All the Circle K's in Florida are going from Citgo to Shell because we stopped buying Citgo......that is how we can make a difference with our dollars.
    Reply
- 0%
  insideoutgraphics10 months ago
  
  Citgo accomplishes much. It does what other oil companies don't . Citgo is the co. that has been setting up heating programs for many that would have otherwise not been able to get heating fuel. The Citgo prog. are in the US.
  Reply
0%
vvv63vvv10 months ago

interested in voting with your wallet?
buyblue.org will be back
"BuyBlue.org and it's mission of rewarding companies that have a triple bottom line of people, planet and profit by providing company ratings based on political contributions data. The new BuyBlue will continue to keep Americans up-to-date on how to best vote with their wallets by supporting companies that support progressive candidates and legislation. "
http://www.buyblue.org/
Reply
1 Reply
- 0%
  Eagle_Eye10 months ago
  
  I love buyblue.org, I always used it to check out where the money was going in contributions and how employees are treated.
  Reply
0%
ETproductions10 months ago

With the threat of Big Brother watching us being all too near, I'm all for the counterweight of Little Brother is watching you back!
Reply
0%
Amazing110 months ago

If we want to take power back and disable the corporations, I suggest we all buy gold and silver. The dollar is diving and the inflation is rising. With money in banks and stocks, when the dollar crashes, it will be the little people who get hurt.
While I agree that stockholder activism can be a positive, an even more positive step is to protect yourself. That means having the larger part of your portfolio in real money. Things like krugerands and maple leafs.
Reply