"All stakeholders must participate in the gains and losses of any particular situation."
Christine Lagarde
(1956- ) Minister of Economic Affairs, Industry and Employment of France
Bookmark and Share  
Reader comments about this quote:
Economically speaking in commercial ventures, given the specific scenario, this would be absolutely correct. In the representative republic that was the U.S., government was not to be a commercial venture (no matter what Mr. Obamunist Goodwrench the assassin says) but rather, the government could do nothing or represent anything the individual sovereign could not do for himself. The master (individual sovereign) hired servants (individuals organized under the functioning organization - government) to do for himself that which was not time expedient for himself in a very limited role (constitutional limits)
 -- Mike, Norwalk     
    True. Ultra-conservatives only consider the landed to be stake holders and today it would appear to be the CEO's also. We are or should consider ourselves each to be stakeholders regardless of our land or position but if wealthier stakeholders have more influence, and they do, what with their political contributions and corporate lobbying then should they not have be required to pay more. The way it works now they use their money to force the middle class down.
     -- Waffler, Smith     
    The only thing missing from Waffler's outline is to note that the "ultra-conservatives" in this case are all of the GOP Tea Party members and the Blue Dog Dems too.
     -- Anonymous, Reston, VA, US     
    Especially if those stakeholders performed criminal acts which many did - they should have prison sentences. It's crazy many home owners have no idea where there title is and neither does the original lender.
     -- RBESRQ     
    Reston- Are you and Waffler in cohoots? You are missing the point of this quote. Taxpayers are not the stakeholders, but we end up footing the bill. It's about the redistribution of wealth, leveling the "playing field." It's about taking the taxpayers money and using it to Bailout those reckless corporations, Fannie Mae and Freddie Mac, a multitude of Banks, etc. Wall Street auto corporations, that did NOT act Responsibly (even though regulations were not in place to Govern their business practices), which is something Bush asked for 13 separate times. Again, Google will help you to see the light.
     -- Carol, Georgia     
    I believe Lagarde is speaking about those corporations begging government for bailouts, not the citizens of France. She is not justifying why the citizen must pay more of their fair share because government took unneccesary risks, she is talking about corporations taking responsibility for their actions -- they may profit when their policies are economically sound thus they will have to take their lumps when they screw up. We are starting to see France and Germany say NO to corporate bailouts -- maybe the US will learn something from them...
     -- E Archer, NYC     
    Rate this quote!
    How many stars?

    What do YOU think?
    Your name:
    Your town:

    More Quotations
    Get a Quote-A-Day! Free!
    Liberty Quotes sent to your mail box.
    RSS Subscribe
    Quotes & Quotations - Send This Quote to a Friend

    © 1998-2023 Liberty-Tree.ca