(the SHARE-side of shareholding?)
Noun [plural pat•sies. slang.]
1. a person who is easily swindled, deceived, coerced, persuaded, etc.; sucker.
2. a person upon whom the blame for something falls; scapegoat; fall guy.
3. a person who is the object of a joke, ridicule, or the like.
In follow up to the Déjà Vu Times post of October 5, 2015 entitled, “Capital Punishment,” I recommend a CBC News Post of October 19th:
From Bell to VW, shareholders pay for executive sins: Don Pittis
Why do innocent shareholders pay fines when company executives go scott-free?
By Don Pittis, CBC News Posted: Oct 19, 2015 5:00 AM ET Last Updated: Oct 20, 2015 10:57 AM ET
Mr. Pittis’ first two paragraphs inform us thus:
Martin Winterkorn stepped down from his job as CEO following the Volkswagen emissions scandal last month and will get a golden goodbye worth as much as $90 million. The figure was calculated by the Wall Street Journal from information in the company’s annual report.
While Winterkorn and other departing executives enjoy their perks, shareholders face up to $18 billion US in fines in the United States alone after VW cheated the U.S. Environmental Protection Agency, plus the cost of lawsuits and fixing millions of affected cars.
We are even informed that the North American Volkswagen CEO Michael Horn admits knowing of the “emissions rigging” in 2014.
So patsies of the world unite! Begin with Winterkorn and Horn. Hit this rhyming duo with the Capital Punishment2 decreed by Moses; and thence onward to those “Bell Boys (& Girls),” and to the myriad other “profit-loss” schemers that hang to the [g]rafters of the corporate structure.
Why indeed do shareholders tolerate crimes against themselves by their HyPEs?3 How long before “patsy” definitions 1, 2, & 3 are added verbatim as ”shareholder” definitions 2, 3, & 4 at Dictionary.com?
How long before we admit the great con, corruption, and connivance of the shareholding system? The whole game is supposedly “gain,” but it seems that most shareholders are so far removed from influence, knowledge, oversight, or conscience they have become the perfect patsies.
“If the theft be certainly found in his hand alive, whether it be ox, or ass, or sheep; he shall restore double. … If a man shall deliver unto his neighbour money or stuff to keep, and it be stolen out of the man’s house; if the thief be found, let him pay double. … For all manner of trespass, whether it be for ox, for ass, for sheep, for raiment, or for any manner of lost thing, which another challengeth to be his, the cause of both parties shall come before the judges; and whom the judges shall condemn, he shall pay double unto his neighbour.” (Old Testament | Exodus 22:4, 7, 9; bold emphasis added.)
3. Highly-Paid Employees = HyPEs