Re: random "thoughts" again

[Shane Mage <shmage@xxxxxxxxxxxx>]

Jim Devine wrote:
> 3. According to Jared Diamond (in his COLLAPSE),  stockholders sued
> Henry Ford for paying his workers $5 per day -- and won. Is this true?
> if so, why do historians make such a big thing about the $5 day?
> (Diamond refers to this payscale as charity, but that's crap. It
> lowered turnover.)

If I recall correctly, old Ford had bought out his minority stockholders
lomg before he introduced the $5 day.  In any case Diamond's claim is
scarcely believable, because if that had been the case it would have
created a legal precedent that minority stockholders could interfere
with a corporation's ordinary business decisions--which is anything
but the case.

Shane Mage

"Thunderbolt steers all things...It consents and does not
consent to be called
Zeus."

Herakleitos of Ephesos