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Originally posted by: EatSpam
Originally posted by: johnnobts
if it was up to you libs, the oil companies and the pharmaceutical companies would all be non-profit...
Click to expand...

Actually, I do think pharma should be non-profit. Its disgusting to profit off of the misery and suffering of others.
Click to expand...

Wow... I suppose that's one way of looking at it. :disgust:

OTOH you could also say that expending tremenous amounts of capital to create products that save, extend and improve people's lives is a good thing. And if they happen to get rich along the way so much the better.

Beats the alternative. (No investment = no product = no profit) But then again, I suppose you'd be happy either way so long as those evil pharma companies aren't making any money.
 
Originally posted by: strummer
Originally posted by: compuwiz1
SOS!!! SOS!!! SOS!!! It's all Bush's fault we have a free enterprise system and capitalism is alive and well in America! :roll:
Click to expand...



There is not much "free enterprise" in the oil industry. It is an oligopoly.
Click to expand...


Yeah, I wanted to open-up my own multi-billion dollar corporation complete with tankers, rigs, a team of lawyers and lobbyists, and some fine ass secretaries. They told me the only way that would happen is if one of the already existing CEOs gave me his job and then I bought-out all the stock options.
 
Originally posted by: Vic
Originally posted by: senseamp
Originally posted by: EatSpam
Originally posted by: johnnobts
if it was up to you libs, the oil companies and the pharmaceutical companies would all be non-profit...
Click to expand...

Actually, I do think pharma should be non-profit. Its disgusting to profit off of the misery and suffering of others.
Click to expand...

I do think they should profit off curing people. But there should be price regulation, so that the rest of the US economy is not harmed by medical costs. And there should be ban on direct to consumer advertising of prescription drugs.
Click to expand...

No price regulation in history ever lead to lower prices.
Click to expand...


come on Vic, leave the propaganda off the internets
 
Originally posted by: fitzov
Originally posted by: Vic
Originally posted by: senseamp
Originally posted by: EatSpam
Originally posted by: johnnobts
if it was up to you libs, the oil companies and the pharmaceutical companies would all be non-profit...
Click to expand...

Actually, I do think pharma should be non-profit. Its disgusting to profit off of the misery and suffering of others.
Click to expand...

I do think they should profit off curing people. But there should be price regulation, so that the rest of the US economy is not harmed by medical costs. And there should be ban on direct to consumer advertising of prescription drugs.
Click to expand...

No price regulation in history ever lead to lower prices.
Click to expand...

come on Vic, leave the propaganda off the internets
Click to expand...

Prove me wrong then (or the "propaganda" is yours). I'm sorry you're so naive that you can't realize that government and industry are in bed with each other. Historically, price controls keep prices propped up after normal business cycles would have brought them down.
 
Originally posted by: fitzov
Originally posted by: strummer
Originally posted by: compuwiz1
SOS!!! SOS!!! SOS!!! It's all Bush's fault we have a free enterprise system and capitalism is alive and well in America! :roll:
Click to expand...

There is not much "free enterprise" in the oil industry. It is an oligopoly.
Click to expand...

Yeah, I wanted to open-up my own multi-billion dollar corporation complete with tankers, rigs, a team of lawyers and lobbyists, and some fine ass secretaries. They told me the only way that would happen is if one of the already existing CEOs gave me his job and then I bought-out all the stock options.
Click to expand...

What stands more in your way of creating your own oil company to compete against the existing companies? Lack of capital? Or government regulation and agenda that protects those existing companies? Before you answer, read this.
 
Originally posted by: Vic
Originally posted by: fitzov
Originally posted by: Vic
Originally posted by: senseamp
Originally posted by: EatSpam
Originally posted by: johnnobts
if it was up to you libs, the oil companies and the pharmaceutical companies would all be non-profit...
Click to expand...

Actually, I do think pharma should be non-profit. Its disgusting to profit off of the misery and suffering of others.
Click to expand...

I do think they should profit off curing people. But there should be price regulation, so that the rest of the US economy is not harmed by medical costs. And there should be ban on direct to consumer advertising of prescription drugs.
Click to expand...

No price regulation in history ever lead to lower prices.
Click to expand...

come on Vic, leave the propaganda off the internets
Click to expand...

Prove me wrong then (or the "propaganda" is yours). I'm sorry you're so naive that you can't realize that government and industry are in bed with each other. Historically, price controls keep prices propped up after normal business cycles would have brought them down.
Click to expand...


Canada--they have price controls and prescription drugs are far cheaper than they are here. Remember all the fuss about people buying Canadian drugs--it was the US pharma companies losing money. The 'free market' masturbation frenzy doesn't work for you here.

 
Originally posted by: fitzov
Canada--they have price controls and prescription drugs are far cheaper than they are here. Remember all the fuss about people buying Canadian drugs--it was the US pharma companies losing money. The 'free market' masturbation frenzy doesn't work for you here.
Click to expand...
Pharmaceuticals ARE price controlled in the US. That's one of the most heavily regulated industries of all. WTF do you think the FDA does?
 
Originally posted by: Vic
Pharmaceuticals ARE price controlled in the US. That's one of the most heavily regulated industries of all.
Click to expand...
Yep! Their ridiculoulsy high prices are supported by the best legislators their lobbiests' money can buy.
WTF do you think the FDA does?
Click to expand...
Not enough, if you consider how long it takes them to pull products after they learn about problems.
 
Originally posted by: Harvey
Originally posted by: Vic
Pharmaceuticals ARE price controlled in the US. That's one of the most heavily regulated industries of all.
Click to expand...
Yep! Their ridiculoulsy high prices are supported by the best legislators their lobbiests' money can buy.
Click to expand...
My point exactly.
 
Originally posted by: strummer
Despite the highest level of oil reserves in 8 years, we get $3.00/gallon gas - and Lee Raymond of Exxon Mobil gets $400,000,000 in a retirement package:

http://www.yahoo.com/s/292719

This is what happens when you put an incompetent, failed oil man in the Whitehouse with a rubber stamping, head-in-the-sand GOP Congress.

Bush doesn't care that you have to spend almost twice now what you used to pay for gas, when he came into office. Had enough yet?
Click to expand...
No one man is worth that kind of money. Not one.
 
Originally posted by: Vic
Originally posted by: senseamp
Originally posted by: EatSpam
Originally posted by: johnnobts
if it was up to you libs, the oil companies and the pharmaceutical companies would all be non-profit...
Click to expand...

Actually, I do think pharma should be non-profit. Its disgusting to profit off of the misery and suffering of others.
Click to expand...

I do think they should profit off curing people. But there should be price regulation, so that the rest of the US economy is not harmed by medical costs. And there should be ban on direct to consumer advertising of prescription drugs.
Click to expand...

No price regulation in history ever lead to lower prices.
Click to expand...

Utility regulation has lead to lower and stable electricity prices. The government must regulate the markets for necessities when there are monopolies. Drugs aren't the same as luxury cars. If you need a drug to live, and the company has monopoly (patent) on this drug, then supply and demand doesn't work, because higher prices neither lead to lower demand, nor increase supply.
 
Originally posted by: Vic
Originally posted by: fitzov
Canada--they have price controls and prescription drugs are far cheaper than they are here. Remember all the fuss about people buying Canadian drugs--it was the US pharma companies losing money. The 'free market' masturbation frenzy doesn't work for you here.
Click to expand...
Pharmaceuticals ARE price controlled in the US. That's one of the most heavily regulated industries of all. WTF do you think the FDA does?
Click to expand...


http://www.usatoday.com/news/nation/2004-10-04-price-controls_x.htm

I think you are mistaken. The FDA only does half-regulation--it regulates which drugs and procedures come to market not how much those drugs costs. That is the essential difference between the Canadian and US health care system.
 
I still want to know why the filthy filthy filthy rich Oil Corps get a $15,000,000,000 TAX CUT

and our future students of America get the same amount taken away from their LOAN FUNDING

 
The real story here is how weak the corporate governance is to allow something like this. The whole point of bit pay packages is to attract talent and act as an incentive. How does paying a humongeous amount for retirement, a time when the employee is no longer working for the company, effectively do these things? The relationship between the board and the CEOs are characterized by the mentality of "we'll scratch your back and you scratch our backs". Shareholders need to have more control over the board member nominations.
 
Originally posted by: Vic
Originally posted by: fitzov
Originally posted by: Vic
Originally posted by: senseamp
Originally posted by: EatSpam
Originally posted by: johnnobts
if it was up to you libs, the oil companies and the pharmaceutical companies would all be non-profit...
Click to expand...

Actually, I do think pharma should be non-profit. Its disgusting to profit off of the misery and suffering of others.
Click to expand...

I do think they should profit off curing people. But there should be price regulation, so that the rest of the US economy is not harmed by medical costs. And there should be ban on direct to consumer advertising of prescription drugs.
Click to expand...

No price regulation in history ever lead to lower prices.
Click to expand...

come on Vic, leave the propaganda off the internets
Click to expand...

Prove me wrong then (or the "propaganda" is yours).

I'm sorry you're so naive that you can't realize that government and industry are in bed with each other.
Click to expand...

You're making me cry Vic
 
Originally posted by: KevinH
Originally posted by: aidanjm
could that man have possibly brought 400 million dollars worth of value to that company?
Click to expand...

You'd have ot ask the shareholders.
Click to expand...

If the shareholders had gotten to vote on it I'd be willing to bet they wouldn't have thought so.
 
Originally posted by: strummer
Despite the highest level of oil reserves in 8 years, we get $3.00/gallon gas - and Lee Raymond of Exxon Mobil gets $400,000,000 in a retirement package:

http://www.yahoo.com/s/292719

This is what happens when you put an incompetent, failed oil man in the Whitehouse with a rubber stamping, head-in-the-sand GOP Congress.

Bush doesn't care that you have to spend almost twice now what you used to pay for gas, when he came into office. Had enough yet?
Click to expand...



$400,00,000? That isnt a lot when you think about the price of gas these days...







SHUX
 
Originally posted by: strummer
Despite the highest level of oil reserves in 8 years, we get $3.00/gallon gas - and Lee Raymond of Exxon Mobil gets $400,000,000 in a retirement package:

http://www.yahoo.com/s/292719

This is what happens when you put an incompetent, failed oil man in the Whitehouse with a rubber stamping, head-in-the-sand GOP Congress.

Bush doesn't care that you have to spend almost twice now what you used to pay for gas, when he came into office. Had enough yet?
Click to expand...

Stop buying the gas
 
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