The chairman dictates his salary
Ernst Prost: "It's like Christmas"
You probably already know what Christmas and dividend payments have in common? If not, I'll tell you here: You come regularly every year - regardless of whether the companies can afford it or not. Nothing else comes to mind when I watch the current season of the annual general meetings. In the middle of the greatest economic crisis of all time, gifts are passed on to shareholders, regardless of whether there is something to be distributed or not.
What else can I say about that? I notice: A year ago it was the same fun, although there was already a crisis then and it would have been appropriate to put your money in ways that lead out of the crisis. Paying dividends only helps to a limited extent. It was the same in the 2008/09 financial crisis. I turned against it back then and now I have to say that all the chattering about it doesn't work in the end. Actually, I could say: As long as the legislature allows the coffers of the Federal Employment Agency to be looted and the money to be paid out straight away as dividends to investors, I can save myself any fuss in the future. But I have to admit: I can't do that.
Because what a scandal it is when a chairman of the board of directors stands up and portrays the handle in the contribution fund of the Federal Employment Agency as correct, because one has paid in there. Because now you just want to get your coal back. In the next chapter of his speech, the great CEO then addresses the wishes of the shareholders and announces a 50 percent increase in the dividend. I could boil with anger. But is there at least a lot of excitement in society? No, even there: no result! So it is not surprising when the word of the “ruling class” gets around again, which exploits workers and society.
We are obviously not a learning society. We keep repeating the mistakes we've made. We act the same in every crisis: With short-time working allowances, large corporations reduce their personnel costs and thus tweak the balance sheet. One can regret that, like me. Like me, you can dictate that into any pen or speak into any camera or microphone that comes up to you. Unfortunately nothing changes. The legislature either does not want to, or it cannot.
That is why I state: Germany, with its social market economy, is still a country in which profits are privatized and losses are socialized. Unfortunately, this is the indecent formula of an uncontrolled outgrowth of capitalism in this country. I don't think that's okay. Therefore, seven letters are actually enough for the guest post on this topic: Mess.
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