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riding it down to zero - Idiot Control Now — LiveJournal
bees on pie, burning rubber tires
riding it down to zero
BP said in a statement that it has canceled a dividend payment -- totaling about $2.6 billion -- scheduled for June 21 and that it won't declare a dividend for the second and third quarters.

Svanberg also confirmed that the British oil giant has agreed to set aside an initial $20 billion to pay the victims of the oil spill in the Gulf of Mexico.

Obama and key members of Congress in recent weeks have pressed BP to suspend the dividend payment and give assurances that the company will meet its commitments to Gulf coast residents and businesses economically harmed by the spill.

Because I needed more reasons to hate Obama.

Shareholders are entitled to their dividends, asshole.

We've already lost half our share value. Now we're losing our dividend income.

I hate him so, so much.

Current Mood: pissed off pissed off

4 pathetic excuses or justify your existence
serena_b From: serena_b Date: June 16th, 2010 08:38 pm (UTC) (Link)
I think the people that are so up in arms about the dividend payouts are under the impression that shareholders are all a bunch of rich people just sitting back enjoying the income from their stocks, which is far from the truth (i blame the media mostly for this...propaganda).

Obama's only doing this for political reasons, backpeddling trying to make it look like he's doing something or sticking it to them. Whatever. The country was screwed up before he got in office and now it's even more f%&#ed.

I hate Obama. I hate most politicians though, but especially him. I think we need to just overthrow the current government and start over.

Viva la Revolucion!

Er...just my two cents.
mellowcandle From: mellowcandle Date: June 16th, 2010 09:09 pm (UTC) (Link)
Yep, I agree with your two cents. We're not rich. We own a few stocks, and the dividends are an important part of our income, but it's like a couple thousand dollars a year, not billions or something that we swim in like Scrooge McDuck. This doesn't punish BP. It punishes regular people. Tax-paying people. Voting people. And when you do that, you discourage investing, which guess what--is bad for the economy! But Obama loves to discourage investing wherever he can. Dipshit.
peacewish From: peacewish Date: June 17th, 2010 01:40 am (UTC) (Link)
Tsk, evil capitalist, reclining on your couch sewn from dollar bills while you laugh at the oil-soaked pelicans. Don't you know you are evil by nature?
mellowcandle From: mellowcandle Date: June 17th, 2010 02:41 pm (UTC) (Link)
There's my problem. I'm not having enough fun being evil. I need to embrace it and let out a good evil mwahahahaha.
4 pathetic excuses or justify your existence