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To: LoneClone who wrote (10704)5/6/2006 8:33:19 PM
From: E. Charters  Read Replies (1) | Respond to of 78421
 
You are always in a partnership with your employees. That is more or less permanent. In North America whether or not there is a stated joint venture or not, they get 60% of the proceeds. So they are really the senior partner.

Rant-->

Nobody gives the shareholder much thought. Often the guy who makes it all happen and who takes all the risk, he gets it from government and labour, and sometimes ungrateful management. Michael Moore gets audiences applauding feverishly as he points out with great glee that "he has read the constitution and it does not contain the word "shareholder" anywhere."

True enough literally, but the country was founded politically from people who took joint risk, whether it was land bridge hunters, Norwegian adventurers or Plymouth Rock religious colony freedom seekers. Companies like Lloyd's and the East India company had a lot to do with our colonization. The Hudson Bay company, the Northwest Company were formed to make a profit. Canada was formed by companies exploring for resources. That was the basis for our present civilization. Funded exploration towards resource return. Shareholders are implicit in that and are a matter of record back to the 9th century from Rekjavik to Londinium.

The shareholder must be protected. Once he becomes an extinct species, the advancement of research and discovery will be markedly impoverished.

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