Power to the People: Update II
The Dealbreaker blog is arguing here that universal health insurance coverage has nothing to do with shareholders. Do you agree? Shareholders care about profits and ROI… and a company with ballooning costs due to employee benefits and health care payments surely isn’t increasing its profits with all of that spending.
It may be true that the shareholder voting system is open to some abuses, but the argument that some majority groups may essentially “hijack” the vote is a bit ridiculous — after all, isn’t voting about voicing the opinion of the majority? Health care coverage is on the mind of millions of Americans, and it should be on the mind of CEOs and corporate leadership. Corporate boards and executive leaders respond to the will of the shareholders and serve at their pleasure (or their mercy). Why would pressuring them to engage in a debate about universal coverage be a bad thing?
If you will notice as of late health care, oil, and the mortagage industries among others are on the money train. Having CEO’s ,corporate leadership and share holders be pressured into doing the right thing is highly unlikely. The only way to make it right is to pull the rug out from under them and change the money train rules starting on Wall St. Unless a drastic change occurs along these lines the only thing these CEOs and shareholders will interested in is how much money they can make and how much the golden parchute is for the CEO.