[Info-vax] FWIW: HP to spin off PSG?

[Paul Sture]

In article <KoGdnZJioJuYb9LTnZ2dnUVZ_tydnZ2d at bresnan.com>,
 GreyCloud <mist at cumulus.com> wrote:

> I'd say that JFK had already proven that 
> tax revenues increased when the taxes on businesses were decreased, 
> hence creating jobs.  As far as the greed factor, again you can look to 
> the banksters that lobbied congress back in the 90s to repeal the 
> Glass-Steagler Act.  After it was repealed the greed went rampant on the 
> stock markets and hence the dot.com bubble burst.

The UK had a period in the late 1980s where reducing tax rates actually 
increased tax revenues.

This BBC radio programme about corporate governance last Sunday was
interesting.  It's still available to listen to, though I'm not sure for
how long.

http://www.bbc.co.uk/programmes/b0132p8p

(Javascript and Flash Plaxer required to listen)

A couple of things that stood out for me.  Shareholders who flit from 
stock to stock are, according to one of the speakers, like folks who 
rent cars - does anyone renting a car actually wash it?

The other point was on the subject of independent directors, whose 
purpose is to provide checks and controls.  If they are truly 
independent, they probably don't know enough about the business.

And a point  I read about years ago was that institutional investors 
such as pension funds rarely use their shareholding votes proactively.

-- 
Paul Sture