It seems that lately, I've been running short on things to write about. In this case, it pretty much means I'm out of things worth complaining about, which I guess is a good thing.
We have news today of a case of "unintended acceleration" in a Toyota Prius in New York that was proven to be caused by driver error. Toyota ought to start suing people that don't know how to drive; this is getting out of hand. While they're at it, they should probably sue certain members of Congress as well. We're talking billions of dollars lost here.
On the other hand, Toyota shareholders in America are suing the company for being negligent and deceptive, resulting in lower stock prices. I wasn't aware that a shareholder could sue the company for, say, poor business management. Isn't that just a risk associated with stock trading? I mean, if this is allowed, why can't someone sue Apple for releasing a product that doesn't live up to the hype?
What the shareholders don't realize is that if they sue a company whose stock they own, such an action itself is likely to further bring down the stock price. Shareholders not involved in the lawsuit ought to sue the shareholders that are involved, for causing a drop in share prices.
Tuesday, March 23, 2010
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