The Business Roundtable is clarifying its complaints with the White
House's economic policy, reports Lori Montgomery: "The final straw,
said Roundtable president John Castellani, was the introduction of two
pieces of legislation, now pending in Congress, that the group views
as particularly bad for business. One, a provision of the
administration's financial regulation overhaul, would make it easier
for shareholders to nominate corporate board members. The other would
raise taxes on multinational corporations."
executive control of board members without interference from the
people who own the company (annoying stockholders) and paying more of
their fair share of taxes, reducing their profits by a relatively
small amount. ‘’business’’ is what takes place before profits are
counted and profits gp to all sorts of things besides the part shared
with the stockholders (there we go, mentioning those annoying people
that might interfere with the amount of the ‘’profit’’ that goes
directly into the pockets of the top brass). The desire to make the
most profit possible as a sacred trust with the stockholders is
bullshit. It only applies when it doesn’t interfere with salaries,
bonuses and value if shares are owned by the top brass. Even more
important, it is a rationale for doing a lot of illegal and immoral
things as ‘’business as usual’’. Isn’t it about time we called this
particular brand of malfeasance for what it is. To distort a phrase by
Michael Douglas in ‘’Wall Street’’ - ‘’Greed is not alway good.
Sometimes less is more.’’