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I agree with your complaint, generally. One thing I often wonder about is the value of Facebook stock. It has effectively no voting rights (Because of Zuckerbe
by JimboOmega 12y ago
I agree with your complaint, generally.
One thing I often wonder about is the value of Facebook stock. It has effectively no voting rights (Because of Zuckerberg's control), and I can't imagine Facebook issuing a dividend... so what rights does it really have? How do you value something like that?
- carsongross 12y agoExactly. It's the modern world's equivalent of debating the number of angels capable of dancing on a pinhead. You have these chumps talking about future cash flows and dividend yield equivalents, all the while the board and executives march off with the actual cash. The right thing is to eliminate the tax bias towards capital gains and make dividends tax-deductible for corporations, so they have incentive to pay profits out to, you know, the owners. Basically make them act like big LLCs, which is the fair thing: why should Grandma Jones pay the same corporate rate as Mitt Romney on her investments in Coca Cola before she sees a dime? At some point it'll reverse, but it's been a good forty years, so... who knows?
- meric 12y agoIn the future when Zuckerberg is finally willing to pay a dividend or he is replaced by a board willing to pay a dividend when he retires. It's hard to value that's why the value of Facebook stock is so volatile.