From: Jim Choate <ravage@einstein.ssz.com>
Date: Tue, 6 Oct 1998 10:20:08 +0800
To: cypherpunks@einstein.ssz.com (Cypherpunks Distributed Remailer)
Subject: Re: Another potential flaw in current economic theory... (fwd)
Message-ID: <199810061524.KAA07928@einstein.ssz.com>
MIME-Version: 1.0
Content-Type: text



Forwarded message:

> Date: Tue, 6 Oct 1998 08:51:21 -0600 (MDT)
> From: Jim Burnes <jvb@ssds.com>
> Subject: Re: Another potential flaw in current economic theory...

> > It occurs to me that there is another potential flaw in current economic
> > theory and business practice.
> > 
> > Currently (ala Friedmann) the parties that reap the benefit of a succesful
> > business are the shareholders, this is currently seen to exclude the
> > employees in many cases/companies.
> > 
> 
> Actually not.  There are quite a few business that have employees as
> shareholders.  Most shares of companies are reasonably priced and
> easy enough to get a hold of.  Selling them on the other hand is
> not so straightforward.

This doesn't effect the premise under standard economics that the
responsibility of managers is to the shareholders *exclusively* in regards
profits and business operations.

What I am positing is the potential effects of including employees as part
of that sphere of responsibility *without* explicit stock holding by the
emplyees.

You're trying to turn apples into oranges.

[other stuff deleted]


    ____________________________________________________________________

                            The seeker is a finder.

                                     Ancient Persian Proverb

       The Armadillo Group       ,::////;::-.          James Choate
       Austin, Tx               /:'///// ``::>/|/      ravage@ssz.com
       www.ssz.com            .',  ||||    `/( e\      512-451-7087
                           -====~~mm-'`-```-mm --'-
    --------------------------------------------------------------------