"I need to just write more often instead of nursing five draft posts endlessly"...Hey Adam - check out Lean's principle of Single Piece Flow and get a personal Kanban with a WIP limit - it might help your throughput ! - (sorry - I know you set that up, but I couldn't resist!)
On (1) someone once told me that tying the minimum salary by a multiple to the CEO's was supposed to be part of the capitalist contract, but got conveniently left out. Not sure where that came from and I'm too lazy to actually read Friedman, but it makes sense. Nowadays of course that would just be circumvented with 'independent contractors'
(1.5) There is corporate structure in the UK which is a limited company that is 'Limited by Guarantee' (instead of Limited by Share'). Similar to a non-profit in the US, but with no tax advantages, it is often used by cooperatives.. Any profits are owned by the company itself, not shareholders. Doesn't address the liability issue, though. On that, I used to work for a fund manager and some clients liked Performence Based fees. Trouble is, a performance based fee is an Option on the fund performance - with a floor on the downside for the manageer, it encourages risk-taking, volatility, and short-termism.
(3) Dividends don't make sense - especially for a public company. I bought some distressed banks last year and picked up a few thousand dollars of dividends as a result. Nice, sure, but what did I ever do to deserve some bit of someones credit card interest payments (and no, I'm not giving it back!!!)
"I need to just write more often instead of nursing five draft posts endlessly"...Hey Adam - check out Lean's principle of Single Piece Flow and get a personal Kanban with a WIP limit - it might help your throughput ! - (sorry - I know you set that up, but I couldn't resist!)
On (1) someone once told me that tying the minimum salary by a multiple to the CEO's was supposed to be part of the capitalist contract, but got conveniently left out. Not sure where that came from and I'm too lazy to actually read Friedman, but it makes sense. Nowadays of course that would just be circumvented with 'independent contractors'
(1.5) There is corporate structure in the UK which is a limited company that is 'Limited by Guarantee' (instead of Limited by Share'). Similar to a non-profit in the US, but with no tax advantages, it is often used by cooperatives.. Any profits are owned by the company itself, not shareholders. Doesn't address the liability issue, though. On that, I used to work for a fund manager and some clients liked Performence Based fees. Trouble is, a performance based fee is an Option on the fund performance - with a floor on the downside for the manageer, it encourages risk-taking, volatility, and short-termism.
(3) Dividends don't make sense - especially for a public company. I bought some distressed banks last year and picked up a few thousand dollars of dividends as a result. Nice, sure, but what did I ever do to deserve some bit of someones credit card interest payments (and no, I'm not giving it back!!!)
Soo good! Thank you.