|
Every shareholder gets guillotined according to the proportion of shares they own. If you own 5% of the company, you get 5% of the blade.
|
#
?
Feb 28, 2019 18:36
|
|
|
|
| # ? May 10, 2024 17:39 |
|
|
Admiral Ray posted:Every shareholder gets guillotined according to the proportion of shares they own. If you own 5% of the company, you get 5% of the blade. *blades are 100 feet tall
|
|
#
?
Feb 28, 2019 21:36
|
|
Have you seen my apex seals? I seem to have lost them.
|
Also, that article says that they're gonna start turning off powerlines during high risk wind events, except they already started doing that in 2018 and those powerlines that sparked the fire were expected to get turned off, but didn't for some reason. https://www.pge.com/en/about/newsro...y_power_shutoff https://www.insurancejournal.com/news/west/2018/11/28/510260.htm
|
|
#
?
Feb 28, 2019 21:54
|
|
|
Aeka 2.0 posted:*blades are 100 feet tall A rising
|
|
#
?
Mar 1, 2019 00:54
|
|
|
Admiral Ray posted:Every shareholder gets guillotined according to the proportion of shares they own. If you own 5% of the company, you get 5% of the blade. Given PG&E's size, that likely includes every major retirement fund (public and private) and most people's retirement accounts, nationwide. https://finance.yahoo.com/quote/PCG/holders/ Leperflesh fucked around with this message at 02:31 on Mar 1, 2019 |
|
#
?
Mar 1, 2019 02:28
|
|
|
Leperflesh posted:Given PG&E's size, that likely includes every major retirement fund (public and private) and most people's retirement accounts, nationwide. Well we may need to take drastic measures to decrease consumption of goods due to climate change, so... Logan’s Run?
|
|
#
?
Mar 1, 2019 03:16
|
|
|
Shareholders generally have no impact on decisionmaking, executing the board of directors and all c-levels should suffice
|
|
#
?
Mar 1, 2019 03:37
|
|
|
Leperflesh posted:Given PG&E's size, that likely includes every major retirement fund (public and private) and most people's retirement accounts, nationwide. Fund managers and the c-levels of the banks involved can eat the blade as representatives of the retirement account members.
|
|
#
?
Mar 1, 2019 14:17
|
|
|
When they send you the thing about upcoming board elections and you choose someone to represent you, that's your blade stand in obviously. (Does PGE even do that?)
|
|
#
?
Mar 1, 2019 17:31
|
|
|
HelloSailorSign posted:(Does PGE even do that?)
|
|
#
?
Mar 1, 2019 18:59
|
|
|
most publicly-traded corporations that arent majority-held by executines (like tesla or facebook or something) are basically controlled by the index fund managers. looking at pg&e in particular according to the yahoo finance posted above it looks like close to 20% of the shares are controlled by blackrock and vanguard and over 80% by institutional investors in general the big funds just rubber-stamp management's decisions (or, more likely, can iron out any disagreements behind closed doors) the actual accountholders of the index funds dont get any say Shear Modulus fucked around with this message at 19:33 on Mar 1, 2019 |
|
#
?
Mar 1, 2019 19:24
|
|
|
You'll notice one of the largest individual funds is vanguard's S&P500 fund. This is an "index" fund: it contains the 500 largest american companies, weighted by market capitalization, as published by Standard & Poor's market index. This is not really a decision by a fund manager. In the 1970s, Jack Bogle invented the passively-managed index fund, as an alternative to the actively managed fund. The idea was to take human stock-picking out of the equation, because - and he was absolutely 100% right about this - humans are poo poo at picking stocks. Since then, index funds have consistently outperformed actively managed funds. So much so that there's a pretty strong consensus (although not universal!) that when an actively managed fun temporarily outperforms a comparable index fund, it's due to luck, not the skill of the fund manager. If you take all the "winner" funds from a given year and watch them for the next few years, they still form a bell curve of under/average/over performance, exactly as if you had chosen any random set of funds, indicating that each fund manager is simply making picks which, over time, are worse than a random set of picks. And charging a fee for doing so, which drags down performance to substantially worse than just owning the overall market. Over the last 40 years, an increasingly large fraction of all stock investment is via index funds. The problem with the guillotine idea, then, is the premise that investors in PG&E have chosen to invest in that company despite its bad practices. A significant fraction of investors in PG&E are simply owning the market, which is the correct strategy for long-term investments, particularly for retirement. And the managers of those funds are not making stock picks, they're just clicking on the software that says "rebalance every day to exactly match the S&P500, Russel 2000, or whatever." Of course, as we all know, there is no ethical consumption under capitalism, so it's still guillotines for all... but it seems unfair to pick on e.g. vanguard staff in particular, since they're not actually choosing to hold PG&E vs. some other company. Leperflesh fucked around with this message at 19:48 on Mar 1, 2019 |
|
#
?
Mar 1, 2019 19:44
|
|
|
they are however choosing to make whatever shareholder votes they do make (nominally on behalf of their investors but they take no input from their investors on how to vote their fractions of the fund's ownership in eacb company) like personally i own a bunch of shares of vanguard's funds but nobody has ever asked me how, as an owner of the fund, i would like to vote on shareholder votes for all the shares that i nominally own through the mutual fund vehicle Shear Modulus fucked around with this message at 20:26 on Mar 1, 2019 |
|
#
?
Mar 1, 2019 20:18
|
|
|
Not political, just pretty. https://twitter.com/kcranews/status/1101553144952020993?s=21
|
|
#
?
Mar 1, 2019 21:44
|
|
|
Some serious SimIsle vibes from that music. But I think they should stick to the rivers and the lakes that they used to.
|
|
#
?
Mar 1, 2019 21:50
|
|
|
Clearly what that needs is a dam.
|
|
#
?
Mar 1, 2019 22:09
|
|
|
Shear Modulus posted:they are however choosing to make whatever shareholder votes they do make (nominally on behalf of their investors but they take no input from their investors on how to vote their fractions of the fund's ownership in eacb company) http://knowledge.wharton.upenn.edu/article/passive-but-powerful-how-index-funds-exercise-their-clout/ Their mandate is to serve their shareholders. I have no idea how Vanguard etc. have voted in PG&E's case, but a study shows that they have pushed for reform of some of the more grossly bad for shareholder practices. In particular, independence of the members of the company's board.
|
|
#
?
Mar 1, 2019 22:37
|
|
|
Sac DA announcing a charging decision in the Stephon Clark shooting rn. She's running through the entire case before stating her decision, expecting no charges based on what I have seen so far. Edit: She's describing Clark approaching the police while holding his phone in a "shooting position." Definitely feels like a lead up to no charges.
|
|
#
?
Mar 2, 2019 21:41
|
|
|
I love to put my smartphone into firing position
|
|
#
?
Mar 2, 2019 21:50
|
|
|
She's making a big deal about a DV incident Clark was involved in a couple days before he was killed and it feels like she's going to argue that Clark either suicided by cop or was in a state of mind that caused him to charge the cops. Edit: YUP right after I posted this "he made internet searches regarding suicide" Edit2: Yeah it's gonna be no charges. She's arguing that he stopped, entered a "shooting stance," and advanced on the police and thus got what he deserved. She's just afraid to finish this and announce it at this point. Edit3: No charges. Shooting deemed lawful use of force. Wicked Them Beats fucked around with this message at 22:11 on Mar 2, 2019 |
|
#
?
Mar 2, 2019 21:59
|
|
|
Cops and DAs collude once again.
|
|
#
?
Mar 2, 2019 22:12
|
|
|
I know there's a dumb gunphone and poo poo but if the cops can't distinguish between a phone and a loving gun then they belong in a goddamn strip mall with nothing sharper than a ball point pen. Serious chat though, suicide by cop poo poo seems like there should be a harsher punishment for the shooters??
|
|
#
?
Mar 2, 2019 22:14
|
|
|
he'd have had a better chance of living to see trial if he had just shot the cops on sight 
|
|
#
?
Mar 2, 2019 22:36
|
|
|
Assisted suicide is illegal so why is suicide by cop legal for the cop?Pomp posted:he'd have had a better chance of living to see trial if he had just shot the cops on sight If only because he wouldn't be defenseless.
|
|
#
?
Mar 2, 2019 22:54
|
|
|
IMO even if he'd had a real gun he hadn't fired it yet and mayyybe if nobody but cops are in danger they should try to de-escalate situations where a suspect has a gun instead of shooting them 50 times. That would probably result in more cops getting shot. But it'd make the public a lot safer and that's a tradeoff we should make. Cops should be willing to lay down their lives to avoid murdering unarmed people. Part of the job. Course, this would require cops who aren't simultaneously terrified, and trained to react like a soldier in combat. Alternatively if that's a step too far, maybe shoot them with a taser even if they have a gun. Like straight up no use of lethal force is ever allowed unless someone is directly threatening a civilian with lethal danger, or has already fired their weapon/actively attacked an officer.
|
|
#
?
Mar 3, 2019 00:50
|
|
|
I like that cops are deemed so trigger-happy that suicide by cop is a reliable and accepted method of assisted suicide, even though it would never work anywhere else in the developed world. Oh wait, did I say like?
|
|
#
?
Mar 4, 2019 18:58
|
|
|
Sacramento Police Department boxed in a bunch of protesters, clergy, and a reporter. Arrested them all. https://www.sacbee.com/news/local/article227109924.html
|
|
#
?
Mar 5, 2019 07:18
|
|
|
DrHammond posted:Sacramento Police Department boxed in a bunch of protesters, clergy, and a reporter. Arrested them all. quote:8:35 p.m.: The march reached a tenuous point when a middle-aged white man in a “Make America Great Again” hat appeared and began animatedly speaking to several of the protesters. One ripped the hat off his head, at which point he began yelling at others in the crowd not to touch him. 
|
|
#
?
Mar 5, 2019 07:25
|
|
|
Was about to quote this. Experimental results: wgat did you expect to happen, numbnuts?"
|
|
#
?
Mar 5, 2019 07:29
|
|
|
Rodenthar Drothman posted:Was about to quote this.
|
|
#
?
Mar 5, 2019 15:39
|
|
|
California Politics Thread: Worse than negative rain is extremely positive rain Stay safe, atmospheric river goons. Don't drive into water, don't even dip a toe into moving water, stay out of canyons, etc., etc., etc.
|
|
#
?
Mar 5, 2019 16:28
|
|
|
The guy with the MAGA hat reminds me of an old man I saw a while ago with a MAGA hat and a gopro on his chest who said he was recording people's interactions with him and uploading the videos on some website. I wouldn't be surprised if it was the same guy.
|
|
#
?
Mar 5, 2019 17:01
|
|
|
Panfilo posted:The guy with the MAGA hat reminds me of an old man I saw a while ago with a MAGA hat and a gopro on his chest who said he was recording people's interactions with him and uploading the videos on some website. I wouldn't be surprised if it was the same guy. People do this all the time. I've at numerous times seen groups of guys wander through touristy areas yelling out hateful poo poo with a guy taping everything, which then get edited into "THOSE VIOLENT LEFTSTS" greatest hits youtubes.
|
|
#
?
Mar 5, 2019 20:08
|
|
|
Jaxyon posted:People do this all the time. I've got video of chuds straight up throwing sig heils at the State Capitol. The moment counterprotesters start yelling about them being loving Nazis and that being gross, the chuds pull out the camera and ham it up, going on like "See how they always go straight to calling us Nazis!" sO mUcH fOr ThE tOlEtAnT lEfT!
|
|
#
?
Mar 5, 2019 20:38
|
|
|
Friend on facebook: THE WEALTH DIVIDE IS GREATEST IN CALIFORNIA, THEREFORE SOCIALISM IN CALIFORNIA IS BAAADDDDD. 
|
|
#
?
Mar 5, 2019 21:53
|
|
|
Ah yes, California, which has notably abolished private property,
|
|
#
?
Mar 5, 2019 22:14
|
|
|
and whose tax code wasn't literally written by the jarvis center
|
|
#
?
Mar 5, 2019 22:26
|
|
|
Interesting. For the past zillion years, it's always been about how California is bankrupt, hopelessly in debt, crime-ridden, and sending people and companies fleeing. Now Cali is bad because...there are too many rich people here who make too much money? They might want to spend more time workshopping this particular talking point.
|
|
#
?
Mar 5, 2019 23:09
|
|
|
FMguru posted:Interesting. For the past zillion years, it's always been about how California is bankrupt, hopelessly in debt, crime-ridden, and sending people and companies fleeing. Now Cali is bad because...there are too many rich people here who make too much money? Conservatives believe some insane things about California.
|
|
#
?
Mar 6, 2019 00:29
|
|
|
|
| # ? May 10, 2024 17:39 |
|
|
Conservatives have already decided California is bad. Whatever argument they drum up after the fact to justify it is irrelevant to them.
|
|
#
?
Mar 6, 2019 00:33
|
|