Quote:
|
Originally Posted by smooth
Pan,
When a board member from one company sits on another board, that is called an interlocking directorates...which are illegal if the companies are direct competitors.
When a board member from Texaco sits on Kellog's, board, and a member from Chevron sits on Kellog's board, that becomes an indirect interlocking directorates. They are not illegal, and there really isn't a way to make them so becuase we can't stop people from sitting on more than one board--just from obviously colluding as they would do if they all sat on chevron's board and texaco's board together.
I pulled this article up and thought you would be interested in the graphs within it. This ownership graph closely resembles the ties of ownership over assets in the US, in general. The picture portrayed is not limited to Big Oil...
-- http://www.mtholyoke.edu/acad/intrel/Petroleum/ftc2.htm |
I realize it's common practice, especially with banks and what not, I just find it funny when the companies say they price themselves and not on what the competition does. (I.E. one company moves up in price and all others all of a sudden do when there is no rhyme or reason to it.)
I just think it's amazing people don't realize this more often.
__________________
I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"
|