Are you burning down your city? How about looting? I didn’t think so. Most civil Americans look at what’s happening around their country and wonder, “What are these idiots doing?” But not the corporate titans, wealthy elites, Hollywood, progressives, etc. They’re living in shame, dealing with guilt, and want you to pay for it. “Hey, why don’t we sign a letter?” wonders another empty suit on bended knee to communist China.
Behind closed doors, the corporate elite, you know, the ones with the huge stock options—they look at shareholders with disdain. Why? Because in board meetings, it’s those damn, pesky shareholders who push back and suggest selling the corporate jet, ruining big plans the boardroom cronies have about hitting the golf course. It’s the shareholder (imagine an empty chair) pounding the table with his tin cup, saying: “Don’t forget who owns this company.”
But, to Mr. big-time CEO, that’s a distraction. He’s got the sweet stock option package. He loves his boardroom full of “yes” men and women picked for diversity and equality. “Who’s ready for the corporate racial education retreat?”
When you have a cabal doing everything in its power to increase share prices, where’s the stewardship for the longevity of the enterprise? Who’s tending the mothership when Mr. CEO is sailing into retirement with his girlfriend and vested stock that diluted yours?
When being big is the goal (higher stock price), then being bigger is not enough unless you’re the biggest. Then the world is your oyster. You have everyone in your back pocket, especially the board and the media. And the ones who depend on the golden goose? Sorry, the board will be having that for dinner.
Action Line: The virtue of owning dividend-paying companies is it puts you in the boardroom leaving less elbow room for another equal justice crony. Dividend payers tend to be stewards of shareholder money. Don’t miss this boat.
E.J. Smith - Your Survival Guy
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