The Economics of Coal From the Coal Seam to the Consumers Cellar With Special
The Economics of Coal From the Coal Seam to the Consumers Cellar With Special
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In our eReader you can find the full English version of the book. Read The Economics of Coal From the Coal Seam to the Consumers Cellar With Special Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Economics of Coal From the Coal Seam to the Consumers Cellar With Special
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To quickly assess the difficulty of the text, read a short excerpt:
The pay- ment is often referred to as so much "interest" paid per cent, on the shares or stocks held by the investors, who are collectively the coal owners. It is true that too often the chairman of the company (elected by the shareholders collec- 18 tively, if not automatically self-elected in virtue of the ownership of the biggest number of shares held by such a chairman or director) is referred to by the public and by the miners as the coal owner. But this is only because he is visibly so, w...hile the ordinary shareholder is less active and lets the director or chairman act as spokesman on his behalf. The coal magnate or coal king is only a kind of super-share holder who possesses so many shares in a colliery or collieries.
Any director's fees earned by the chairman of the collierv company for personal service rendered in the administra- tion of the finance of the company, in the strict economic sense, is to be treated as salary. If no services are rendered (as is generally the case with the majority of those on mining directorates) then the director's fee is only another name for a further exaction from the coal industry in addition to the "interest" usually paid to the other less powerful and smaller shareholders of the coal company.
What to read after The Economics of Coal From the Coal Seam to the Consumers Cellar With Special?
You can find similar books in the "Read Also" column, or choose other free books by John Thomas to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The pay- ment is often referred to as so much "interest" paid per cent, on the shares or stocks held by the investors, who are collectively the coal owners. It is true that too often the chairman of the company (elected by the shareholders collec- 18 tively, if not automatically self-elected in virtue of the ownership of the biggest number of shares held by such a chairman or director) is referred to by the public and by the miners as the coal owner. But this is only because he is visibly so, w...hile the ordinary shareholder is less active and lets the director or chairman act as spokesman on his behalf. The coal magnate or coal king is only a kind of super-share holder who possesses so many shares in a colliery or collieries.
Any director's fees earned by the chairman of the collierv company for personal service rendered in the administra- tion of the finance of the company, in the strict economic sense, is to be treated as salary. If no services are rendered (as is generally the case with the majority of those on mining directorates) then the director's fee is only another name for a further exaction from the coal industry in addition to the "interest" usually paid to the other less powerful and smaller shareholders of the coal company.
What to read after The Economics of Coal From the Coal Seam to the Consumers Cellar With Special?
You can find similar books in the "Read Also" column, or choose other free books by John Thomas to read onlineMoreLess
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