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Old 09-03-2003, 12:41 PM   #19
Timber Loftis
40th Level Warrior
 

Join Date: July 11, 2002
Location: Chicago, IL
Posts: 11,916
Quote:
Originally posted by Skunk:
quote:

In short, we "hire" politicians for a job. A management job in society.
Fair enough - but in normal society, we fire managers that do a bad job. And sometimes, the shareholders will vote to fire board members whose performance was less than satisfactory (a commercial 'recall' vote if you will). [/QUOTE]Of course. Which is solved by term limits and the need for periodic elections. In a corporation, is in not the board of directors rather than the plant employees who fire corporate officers? The plant employees and other shareholders only get to have any say-so at the annual or special meetings. Annual meetings are the analog to the regular election. The board handles day-to-day affairs.

The board is the legislature in our analogy. Which has powers of impeachment for recalcitrance. Recall elections aren't about provable misdeeds, they are about whimsy of social political attitude change.

Oh, though the rules differ for each corporation, in most it takes a majority of voting stock to call a special meeting, and quorum requirements for the meeting are usually stricter -- 66% or more must be in attendance before any action can be taken. Quite strict.

Government is such a worthlessly slow behemoth anyway -- having ad hoc midstream elections could grind its functioning to a halt.

[ 09-03-2003, 12:42 PM: Message edited by: Timber Loftis ]
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