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22 Nov 09
Site 57
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We support democracy, parliamentary democracy, bill of rights, direct democracy, Ron Paul's political plan, & a stable economy. The Peaceful Revolution is change by cooperation, & by consensus. It's Win-Win on a Grand Scale. The Peaceful Revolution is a non-violent revolution. The Peaceful Revolution is a transformation of Consciousness. The Peaceful Revolution is a transformation of our monetary system. It's the collective cooperation that will reverse Global Warming. |
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You Are Invited to Participate in The Peaceful Revolution |
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Too Big to Fail |
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. The Bottom Line:Any company that is too big to fail is too big. . .
. . Consequences: An Example: If you want federal bail out money for your company, here's the price: Divide yourself into however many independent companies it takes to be small enough to fail without major industry repercussions, and understand that if you go bust a second time, you will pay a heavy price. A Second Failure: Any company that was a "child" of the parent company that fails (files bankruptcy) shall become the property of the citizens of the states in which the company does business, even if the company claims that its main headquarters are outside the United States. If it does fifty percent or more of its business in one state, the state in which it does then majority of it's business receives the company. If more than one state is involved and the the company does less than fifty percent of its business in any one state, then ownership will be decided by lottery between the seven states in which it does the most business. The winning state then receives the company. A independent, non-profit foundation representing the people of that state and not the government is then set up to own and work in partnership with the company. The people of the state are the foundations named beneficiaries. All unessential debts are paid off as quickly as possible and future profits are directed to the needs of the people of that state. The allocations of beneficiary funds are suggested by the foundation executives and must be approved by the people in the next statewide election. Responsibility: Presently company executives get huge salaries regardless of what happens to the company or to its employees. When this is changed so that the company executives have a vested, personal interest in making sure the company is successful, failures will all but disappear. An Example: What if the fifty highest paid executives of any company with publicly traded stock that filed for bankrupts had to pay back to the company all compensation that they received in any form, financial or otherwise, from the company during the past five year? If that law were applied to corporate America, major corporate bankruptcies would become things read about in history books and not newspapers. The specifics above under Consequences and Responsibility are not important. They are just "off the cuff" examples. What is important is that corporate executives actually be subject to Consequences and Responsibility. . |
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. Copyright © 2008 -- Robert E. Coté The Life Center -- All rights reserved. See: Terms of Use . Site 57 -- The Peaceful Revolution Page -- Too Big to Fail http://www.ThePeacefulRevolution.com/too-big-to-fail.html#57 Too Big to Fail-57-ThePeacefulRevolution.com . . ... . |
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