Quote:
Originally Posted by Willravel
Haliburton gets no bid contracts. It doesn't fulfill it's contracts and is ripping off Iraq and the US government. The stockholders won't do anything to stop Haliburton until their stocks are effected negatively. This is a no brainer.
Is this clear? Assuming the shareholders behave in a capitalist manner, Haliburton can continue to behave unethically so long as they keep showing growth and the the shareholders keep making money.
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Yep no different than people continuing to invest in companies that pollute the environment via vehicles and oil spills. The investor gets to have a choice, they can either also be ethical and sell their stocks and lose potential gains or invest and make gains.
It again is very simple. It's clear that you don't understand.
Stockholders aren't about ethics or morality. They are about making returns on their investment.
You'd like them to be, that's a different world that you would like us to live in. The reality is that CalPERS and other major pension fund holders want to give good returns to their funds and thus their pensioners. They aren't in it for the morality, they are in it to be able to give people the pension that they were promised over time.
But in your world, you'd rather them not have that ability and rather that they be moral and just.
They have heavy interest and investment dollars at stake. It's not about being moral and just, it's about being able to pay all those that paid into the system. This isn't just America, but many other countries too.
WORLD'S LARGEST PENSION FUNDS: $10 trillion strong - Pensions & Investments
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