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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 --'- --------------------------------------------------------------------