prevails in the Swiss Parliament Relations currently great excitement about the taxing of the shares and stock options that managers in addition to their already high salaries as bonuses. There is absolutely great disappointment prevails over the high management salaries in Switzerland, the United States and Germany. Almost every Sunday I am angry because of the broadcast of Sabine Christiansen safely on the ARD once the hollow beat of the Deutsche Bank falls, the high profits and employees dismiss enters. I heard never someone who would have explained in simple words and patience, that Deutsche Bank has no choice but to work in a highly productive, because otherwise the "locusts" would attack them and that's permeated what Joe Acheson now still can do in freedom. Why are these "truths" only in the business sections of newspapers and highly respected citizens are not explained in simple terms in all the newspapers, or at least at one time, as the Observations, the cash dropped or at least of the Christiansen? Even before one, asked two weeks burnished. (Washington ) in the NZZ, why do not rise in the U.S. enormous rise in productivity, wages? In my opinion (and I am a layman) is too large a quantity of money to compete in the world and the global labor market: the firms in the old industrial countries are forced to increase productivity to be "it's not, so that it first with their products can compete on the world market, and this because of competition with many of our highly skilled workers in low-wage countries. So can not increase wages. At the same time but the Earnings rise, so that these companies can protect themselves in the old industrial countries from takeovers - if they wish - to thereby increase the cost their shares.
If you look at the graphic that yesterday I was in the "NZZ am Sonntag", it does a still hurt when you lower the wage curve as always looks then crawl on the same level, while the curve of the profits are "rushing" into the height is oscillating.
I remembered looking at this curve on a book by Joseph Kadet, which I read years ago, and I reminded me of Margaret Thatcher, who was swarmed by both popular capitalism . I asked myself: Why get actually only the manager shares and stock options as bonuses? Why do not all employees and workers? Suppose they had at that time as the profits also done on the "floor" crawled receive such documents as they stand now because they teilhätten at least in the profits? Would they then still scold of Joe Acheson?
The Swisscom - people's share, I immediately heard the opposite argument: The company is not protecting them from takeovers, because these people selling shareholders at the lowest possible profit. First, I'm not so sure that they would do if it were finally cleared up better, and everyone knows that he shares with a partnership, joint working is one. I would imagine (or I wish) that it then would be clubs and associations of small shareholders who understand themselves to provide at general meetings of defense as we have seen the last year for Nestlé, for example, and the magazine "Finance and Economics "postulated for decades.
A popular capitalism (and in my opinion was the big mistake of Thatcher) can not just stocks will mingle with the crowd and that's that. It requires, as I said, education, he demanded that the banks with their analysts and honest - and really honest - take this small shareholders, he information required in popular television shows and media, not just in trade journals or newspapers, business leaders, he demanded, as well as I said, the reasons of shareholders' associations to protect the interests of small investors and to assume, in the Switzerland I would imagine that stock bonuses or even better shares of the company where you are employed, or people's share, as they are considered in the privatization of Swisscom, the third pillar should be allocated, ie: they could act without further are the gains but remained subject to the pension (and the losses).
Consider just three examples:
- The ABB Barnevik it went bad and worse. Add to that the asbestos claims were in the United States. I would then get an employee to "low-level" Shares and full of pain witnessed the decline and fall. Maybe I would have sold, maybe I would have thought such a giant can shrink but not go down and persevered. In both cases, but I would think when Dormann took over the business: I do not trust this man something, which could pull the cart out of the mud. I would have bought the shares back or to purchase. The course was five or six francs. I would like today there? (I could then buy from a lack of money can not (I'm an invalidity pension), annoyed but also because I would have bought when Dormann took over the management!)
- Credit Suisse fell years ago digested by their still not completely takeovers to skid frittered away, its activities and to all of this still was the bursting of the IT - bubble on the stock exchange. As an employee I would have had shares and turn their pain with miterlitten descent. These shares would have held me, because I thought that go under such a financial colossus can not. And it would have been worth it or not?
- Third, I think of the auto industry, I am convinced dass die VW – Arbeiter Pietschesrieder besser verstünden, wenn sie auch miterlebt hätten, wie unter der mangelnden Produktivität ihre Aktien sinken oder sich nur auf einem einigermassen Niveau halten wegen der Produktivität von Audi und anderen VW – Besitztümern. Als Mitbesitzer an Aktien hätten sie die Hoffnung an einem Wiederaufschwung ihrer Marke in doppeltem Sinn zu profitieren: Zunächst am Anstieg der Kurse und später auch am Wiederanstieg der Löhne. Die Entlassenen hätten wenigstens den Trost der einmal mit Sicherheit wiederansteigenden Kurse.
Was mir bei alledem aber auch wichtig scheint: Aktienbesitz heisst Mitbestimmung ! Mir wurde das nach einer Sendung aware, were interviewed in the auto workers of GM and Ford. I was amazed with what inspection they realized the error of management: They criticized the model policy, because they they produce cars in contrast to the Japanese and Europeans themselves do not even respond, and they criticized the ruinous defense struggle between the two giants for market share with rebates and still more discounts, rather than innovation. I thought to myself, this proposal would have thousands of workers and employees shares and a say to have a say in the General Assembly and Executive Board members and others can deselect: Who knows? Would such a partnership and such participation are much more sense than these of Union officials perceived as in Germany?
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