Monday, October 22, 2012

RISE AND SHINE TV CREW ARE STARTING TO LEARN THE DIFFERENCE BETWEEN PUBLIC AND PRIVATE OWNED COMPANIES.

RISE AND SHINE TV SHOW TODAY PROMISED MORE EXPOSE'S OF THE CITRUS INDUSTRY. 

  I was trying to seperate imagination from Facts.  There was an interesting bit, about a $22 million dollar loss, and a $3.5 million dollar loan to a citrus company of some kind.  I must have tuned in too late, to get the nitty gritty conspiracy theories on that?  I kept looking to connect the dots but failed to do so.

  Much continued to be made about the minority shareholders, controlling the citrus factory company.  I didn't get that?  ALL PUBLIC COMPANIES  of any size, are controlled by about 15% of the shareholders.  When you have proxy voters in a public company, and small citrus growers can give their proxy rights to vote for them.  Once you get control of the Board one time, it is easier to keep control, by controlling the proxy votes, or other strategms.  For example:  Ford, Chrysler, GM, Nestle, Intel, IBM, some very rich food biscuit and candy companies; a bunch of public companies are controlled by minority stockholders. Thousands of them. In the case of the citrus factory, the company is controlled by 47% of the shares. A relative gargantuan amount of shareholders. Where do you think the public companies get to pay bonuses, to the executives, interest free loans,  buy Lear jets with company money and all those business trips to vacation spots.  Best trick ever, is getting control, as a minority shareholder of a publicly held company.  Rise and Shine crew have a lot to learn about business.  The difference between a privately held company and one that is publicly owned. 

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