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#46 |
Not so important
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#47 | |
Addict
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I'm a direct shareholder (I hold stock in my own name -- not even through a broker) in a dozen companies and I can assure you few of their boards make decisions that result in maximizing what I (or the rest of the shareholders) can hope to be paid. Heck, these days, I don't even think they necessarily make decisions that are good for the long-term solvency of the companies they manage. I do think the companies I've invested in are the "least bad" of those publicly traded, but that's a different topic ![]() The landmark court case that's usually quoted as the source of "maximizing shareholder value" was "Dodge v. Ford Motor Company" (yes, that Dodge). The Dodge brothers owned stock in Ford and were planning on making use of dividend payments to start a rival car company. Henry Ford wanted to cut dividend payments and use the money to build more plants and employ more workers. His goal was to effectively turn the company into a giant work-based charity, and cut out the minority shareholders completely. The courts ruled that he was not allowed to turn a for-profit company into a for-employee charity. Googling for "Dodge vs. Ford Motor Company" will turn up more reading on the topic, as will reading up on "Duty of Loyalty" and "Duty of Care" and the "Business Judgement Rule". |
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#48 |
eBook Enthusiast
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I don't know how it works in the US, but in the UK, the directors of a company have a legal duty to run the company "in the best interests of the shareholders". That certainly doesn't always mean maximizing profits.
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#49 | |
Grand Sorcerer
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#50 | |
IOC Chief Archivist
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Let's use songwriting as an example - should my works only get protection if a publishing company takes me on and adds them to their catalog? Or screenplays - the majority of those never get in front of an agent, let alone being optioned for production. Granted, with screenplays, proper form dictates putting a date on the cover, but that's a specification of the form, not required for copyright protection. With books, the recent rise in self-publishing means that more books will see the light of day, but certainly not all. |
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#51 | |
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#52 | |
IOC Chief Archivist
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I hope that the current terms are not extended yet again, but the "Life+" system is still easier to sort out than creation date. Unless we go back to requiring registration for protection, which I would not agree with unless they made it a free process, and that's not gonna happen here. |
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#53 |
eBook Enthusiast
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In terms of typographical copyrights, "initial publication" is the first time the book (or whatever it may be) is publically available (sold, given away, or whatever means are used for its distribution). In today's world the "initial publication" of an eBook would be the first occasion that it was uploaded to a web site.
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#54 | |
The Grand Mouse 高貴的老鼠
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I have no argument with the principal of copyright (although I admit that some people do). I do think that the length of copyright is excessive. |
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#55 |
Professional Contrarian
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It is, but it's insufficient protection for many content creators.
For example, a photograph or painting will need copyright protection long before it is "published." Same with a screenplay that a writer submits to a studio. IIRC the Berne Convention also specifies protection the instant the work is in a "fixed form." IMO that's a much better standard than publication date. |
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#56 | |
eBook Enthusiast
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#57 | |||||
Grand Master of Flowers
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And of course intellectual property *is* property. You can own it, you can buy it, you can sell it, lease it, rent it license it, donate it, give it away, pass it on to your heirs by will or intestate succession. It's *property,* and it's pointless to try to pretend it isn't. Quote:
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If I own a store and you steal my inventory, I lose money because I can't sell it to anyone else. If I write e-books and you give away copies of my e-book to people who would otherwise have purchased it, I lose money because I can't sell it to them. This is really simple point. And it is a much more important point than esoteric arguments that nonrivalrous goods aren't property. Quote:
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#58 | |
IOC Chief Archivist
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Lets look at the AT&T case. What if, instead of breaking in there, he broke into my house and stole my manuscript, copied and and sold it? Just because the law also protects corporations from the same thing and entitles them to seek the damages the same way does not make it a bad law. It's already hard enough for the average person to enforce their copyright. We can't afford to let the existing protections be muddied for the sake of preventing corporations from acting a certain way. I've been ripped off. It's not fun. Fortunately, a cease and desist letter written by a lawyer friend was enough to scare them, because proving damages is almost impossible in a lot of cases, if you haven't already lost your mind by the time you actually get in front of a jury. Sorry for the rant. IP and copyright are a touchy subject for me. Edited to fix typo. Last edited by CWatkinsNash; 01-04-2011 at 07:14 PM. |
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#59 | |
Grand Sorcerer
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#60 | |
Grand Sorcerer
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Simply put, when you sell a piece of real property, of whatever sort, you transfer total ownership of said piece of property. The new owner is under no obligation to do anything you may prefer to the property. it his property now. With I.P. you claim to retain all rights to copy. But you Sold a property! You can't have it both ways. Society allows it to be both ways for a limited period of time to encourage more I.P. production. Period. Not to create a perpetual new kind of property, just an extra carrot. |
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