Comments on: Superannuation: SRI and CSR – hype or reality? http://chriswhiteonline.org/2008/10/superannuation-sri-and-csr-hype-or-reality/ Blogging from a life-long unionist Sat, 04 Feb 2012 22:41:03 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Chris White http://chriswhiteonline.org/2008/10/superannuation-sri-and-csr-hype-or-reality/comment-page-1/#comment-108 Chris White Mon, 27 Oct 2008 22:02:25 +0000 http://chriswhiteonline.org/?p=374#comment-108 Good points. I am here urging shareholder proxy action...the union reps on super trusts are not really in control, but could organise responsibly pressure on investment strategies, really critical in this crisis. i can give a shorter version updated. Good points.

I am here urging shareholder proxy action…the union reps on
super trusts are not really in control, but could organise responsibly
pressure on investment strategies, really critical in this crisis.

i can give a shorter version updated.

]]> By: examinator http://chriswhiteonline.org/2008/10/superannuation-sri-and-csr-hype-or-reality/comment-page-1/#comment-106 examinator Mon, 27 Oct 2008 00:53:07 +0000 http://chriswhiteonline.org/?p=374#comment-106 Good stuff! I would like you to give a truncated version for OLO and Unleashed. We all bitch about the negative side of corporate capitalism including excessive packages. I've commented before that the 'paying peanuts' argument is flawed and a more current version is "if you pay in heaps you get pigs". Executives in their own self interest have sold the idea that they are a unique very rare commodity. In reality this is simply market manipulation. Likewise any the further one gets from the source of production the less morally concerned the individuals tend to become. How many people buy on price without any effort to consider the efficacy of the means of production? The response is I am a battler (a relative term), Cost of living is lower there and the most relevant to this topic what can I (as an individual) do? Clearly all these excuses are lacking. We are simply involved in exploitation by proxy in that we often chose the most profitable options in super. The bad side of capitalism is that without force it will simply chose the easiest way to profit. Shareholder proxy activism is one of the three ways to force change. In investment strategies and ‘compensation packages’ (sic) . The concern that many investors will have is the perception that unions have political axes to grind consequently may be distrusted or simply not effect their political persuasion. Belonging to a union maybe mandatory or advantageous at work but outside that? In the final analysis I suspect this is one the percieved flaws in Australian unionism today. As is union controll of industry super. Good stuff!
I would like you to give a truncated version for OLO and Unleashed.
We all bitch about the negative side of corporate capitalism including excessive packages. I’ve commented before that the ‘paying peanuts’ argument is flawed and a more current version is “if you pay in heaps you get pigs”. Executives in their own self interest have sold the idea that they are a unique very rare commodity. In reality this is simply market manipulation.
Likewise any the further one gets from the source of production the less morally concerned the individuals tend to become.
How many people buy on price without any effort to consider the efficacy of the means of production? The response is I am a battler (a relative term), Cost of living is lower there and the most relevant to this topic what can I (as an individual) do? Clearly all these excuses are lacking. We are simply involved in exploitation by proxy in that we often chose the most profitable options in super.
The bad side of capitalism is that without force it will simply chose the easiest way to profit.
Shareholder proxy activism is one of the three ways to force change. In investment strategies and ‘compensation packages’ (sic) . The concern that many investors will have is the perception that unions have political axes to grind consequently may be distrusted or simply not effect their political persuasion. Belonging to a union maybe mandatory or advantageous at work but outside that?
In the final analysis I suspect this is one the percieved flaws in Australian unionism today. As is union controll of industry super.

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