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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (83097)	8/18/2000 1:28:18 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

Carl - Quick response - 1. I am pleased that we are now in agreement on value to employee not determining cost to company. Others are still to be convinced. Well in the past I published a ski resort scenario on the thread, but it was free lunchtime passes I used as opposed to the view. 2. [...My way of thinking is that the company belongs to the shareholders. The company does not own itself, for instance, as it is not a real entity. Whenever the company gives something that belongs to the shareholders to someone in return for that someone working for the company, that something must have an impact on the P&L statement. It is an expense. Stock signifies ownership of the company. When a company gives stock to a person, every other shareholder owns proportionately less of the company. They have lost something, and that something must show up on the P&L statement....] This is the key. In my proof, ( Message 14213916 ) and in general, my claim is that it is the shareholders, not the company, that give out the stock. The management acts as the agent for the stockholder owners. The company does not own the stock to give. It is the college football boosters that give out the cars, not the college. Regards, Don