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 DavidNow accepting new patientsPremium,VIP
join:2002-05-30
Granite City, IL
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| reply to PGHammer
Re: And Just Who Are Those Investors? said by PGHammer:Karl, the biggest investors in *all* the telecom providers (cable, telcos including wireless, satellite, etc.) are institutional investors, and the largest single group of *those* are pension plans (and mostly public-employee pension plans, followed by union pension plans). In other words, indirectly (and in some cases directly, through stock purchases and bond purchases) it's *us* that insists on those above bank-deposit rates of return. We insist on absolutely lowest cost on the one hand, and insist on high interest and dividend rates which *preclude* rock-bottom pricing (and dumb pipes) on the other. Talk about hypocrisy. It's like a rock and hard place scenario. Is there a way to nurture both in today's demanding (investor and customer) society alike? The short answer I am thinking is no.
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| said by David:said by PGHammer:Karl, the biggest investors in *all* the telecom providers (cable, telcos including wireless, satellite, etc.) are institutional investors, and the largest single group of *those* are pension plans (and mostly public-employee pension plans, followed by union pension plans). In other words, indirectly (and in some cases directly, through stock purchases and bond purchases) it's *us* that insists on those above bank-deposit rates of return. We insist on absolutely lowest cost on the one hand, and insist on high interest and dividend rates which *preclude* rock-bottom pricing (and dumb pipes) on the other. Talk about hypocrisy. It's like a rock and hard place scenario. Is there a way to nurture both in today's demanding (investor and customer) society alike? The short answer I am thinking is no. David, that is precisely my point. It's even worse when the investor and the customer (in the case of the national telecom providers) are all too often one and the same person.
Here's some interesting data - the job-approval ratings for *Congress* have been at historic lows since the second Bush's second term started. Yet, the two elections since have seen record numbers of incumbents re-elected. It's not just hypocrisy, but the same SORT of hypocrisy. | |
ricep5Premium
join:2000-08-07
Jacksonville, FL | The same hypocrisy that has people giving out their phone numbers to join frequent buyers clubs (to get the discounts) but then having the government set up a "do not call" database to block the very people who paid to get your number which subsidizes your discount.
The same hypocrisy that gives tacit approval to a congressman who can "bring home the bacon", but will vote him out if they attempt to raise taxes to pay for "the bacon".
The same hypocrisy that files suit against motorcycle helmet makers when little Jimmy hit a pole and died after running his motorcycle at 100mph.
The list goes on and on. | |
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