Charlie Rose

SharkswithfrikingLazers  04/28/2012 12:48 AM Report

Here is the Cisco chart:

http://finance.yahoo.com/q/bc?t=my&s=CSCO&l=on&z=l&q=l&c=&ql=1

He assumed the role of CEO in January 1995.

So fellow Romans, thumbs up or thumbs down?

topazgirl  04/25/2012 03:17 AM Report

John... I finally found "The Money Fix" online... On the first site I found, it would not play. I found another, and I am going to watch it now!...You do not know how much I value our "online friendship"... You make me want to know, and know, and know more of everthing around me! <3

topazgirl  04/25/2012 02:57 AM Report

My dearest John... I've been meaning to ask you: How can I watch "The Money Fix"? I do not have cable or a DVD player right now (due to poverty at the moment!), so I see everything I can online. Please let me know, when you find time, how I can do that. I'd be eternally grateful... S

Gelles  04/24/2012 07:51 AM Report

Forgot to mention that such a guaranteed full employment high wage system can be tested within small zones of traditional political economies. When and if they work to keep motivated human workers even more productive than wage-slave systems, these full employment systems can be spread to cover everyone. What we have today ignorance in charge and tragedy in abundance. See the book "Abundance" and the work of Singularity University.

Tenure business success to prevent the rat race we know so well from killing off the good because corruption rules the games we play -- and those games "play to win, only" and fail to "play for good effect, mostly.

Gelles  04/24/2012 07:34 AM Report

Dear TG (S),

Thanks for your good wishes.

To all of us who would like our nations to find the money in time of peace as easily they find it in time of war:

John Chambers and other CEO's who hold their jobs and do their best are nevertheless only in business -- they are not in government, charged not with the need to stay solvent but with the higher need to protect the citizens who chose them from the scourges of war, accident and poverty induced by circumstances with deep roots and mean effects.

The truth is that during war they admit money and tax systems are one and the same thing: they print the money to fight to war and protect the purchasing power of money with systems of war production, powerfully motivational savings systems, and taxes where necessary and not otherwise.

During peace, they neglect real public interest purpose and objectives and concentrate on struggle for domestic political power. They do not see money and taxes as a single component of a monetary system of production. They leave production to "markets" for stuff and nonsense. We end up producing chaos and looking for a fight so we get get back to making war.

What I'm saying is that at this moment we need ZERO taxes. Let us stop the congress from stealing bribes in return for special treatment in the IRC (Infernal Revenue Code).

The printed money (Ben Bernanke's specialty -- called quantitative easing ) will be used on PURPOSE: to

..... (a) re-invent our energy systems with non-carbon, polluting sources -- such as sun, wind, fail-safe nuclear, and algae-like biologicals, etc., including hydrogen storage systems that pipe hydrogen to buildings and factories and use it to run our cars with pure water as the only exhaust;

..... (b) educate and train the workforce (including as many robots as possible;

..... (c) provide full employment all the time to encourage individual pride and love and country, etc., etc.

The purchasing power of money will be protected by savings and incentive systems -- with taxes levied only as a last resort and only to protect money's value, not to supply money we can print instead.

We today use government to punish people and steal their money -- no wonder people hate their own government's and love the private sector that pumps soft soap between their ears and leaves 99 % of them as wage slaves or businessmen racing like rats in a cage spinning a vertical wheel going nowhere.

We own the government and its money monopoly is ours. Use it to good effect.

The name of all the above is "functional finance". It is Keynesian thought tailored to good effect by Abba Lerner.

It, FF, is Macroeconomics.

Microeconomics, and profit-based enterprise, as we know them, cannot escape the CONTRADICTION of asking labor to go SHOPPING -- to pay its own wages with LESS MONEY than is left for WAGES in such production systems.

John Chambers may take home millions of dollars more than I do. But he remains blind to our need to create a system of production equal to its responsibilities.

Enough for tonight.

anne4444  04/23/2012 03:03 PM Report

Thank you for sharing.

Hopefully he will spend a little time to himself during his busy life and ask himself … “why are we here?”

The advanced technologies beyond our imagination or any possibilities are already existed in the universe. They are waiting for us to grasp when our souls are ready.

The lowest beings in the universe are focused to survive by all means. If our souls trap only on surviveship, we would not turn ourselves into space-beings. Without liberation of our souls from surviving status into compassion, our souls will always connect to earth instead of milk way galaxy.

If we have the compassion, we will not over-populate earth and kill animals (we share the genes with many animals and they are our ancestors) to sustain our lives. If we have the compassion, we will not gain pleasure at cost of others.

Sadly… our science is still far behind to give us an answer of understanding of life.

topazgirl  04/23/2012 01:30 AM Report

jcheckler:

The problem is, which "business leaders" should politicians "listen" to? ...Bear Sterns? ...Enron? CitiBank? ...The Corporations lining their pockets? Enough is enough; and I don't believe ANY CEO who takes home more than $1 Million a year! (Except for Warren Buffett, who is SO rich, he can tell the truth about the obscenity of "Corporate America")...

jcheckler  04/22/2012 03:58 PM Report

To momwu: Did you notice after he said that, and Charlie said most American companies pay a tax rate of around 18%,

-Mr. Chambers replied: "There is what we do in America, and there is what we do globally". You better believe that like every other large corporation in America, Cisco has corporate tax attorneys working to utilize any and all tax loopholes... also funneling assets to offshore accounts as well (I'm sure). I want to believe him, but I highly doubt that Cisco is paying higher tax rates in other countries. He must be doing something right though. I worked there when he became CEO some 17 odd years ago, and he's still there. That is almost unheard of in corporate America nowadays. Politicians would do a great service to this country if they listened to business leaders. We could continue to be number one in the world economically (and in innovation), for as long as possible.

topazgirl  04/22/2012 02:20 AM Report

John...

If I am not laughing myself to tears over your wit, I am crying over how right you are! I will stand by your side as you fix this world for those of us who are now living on the "bread and water" of which you speak... (2 glasses of white zinfandel make the menu all the more palatable!) Promise me you will live 'til you are 102, as there is a lot to be done by those of us who live by your "Golden Rule"! You are my treasure, and "hope"...

momwu  04/21/2012 02:46 PM Report

Charlie, I also must not have heard correctly.

Mr. Chambers said Cisco pays at the 33% rate. Value Line Report shows 2011 Cisco's Income Tax Rate of 17.1%.

I am not sure what to think of Mr. Chambers. Is it willful ignorance or ???

vongleichent  04/21/2012 12:52 PM Report

You basically have to be a genius to work for Cisco.

Gelles  04/21/2012 05:52 AM Report

Dear TG (S)~

This assembly of financial brains was proof the world needs us and not them to attend to business. Christina Romer tried -- but failed to move the well fed, dumb and happy to do their duty to the rest of humanity. The skinny lady from France, heavy man from Mexico and supercilious snob from Sweden were useless to the world at large. The toothy man from India told us the truth about poverty. And all agreed corruption at the top is the real problem. All these public servants need a year on bread and water to wake them up to the need to replace corruption with determination to understand what money is and how to use it. Christine Lagarde, head of the IMF said as much. She redeemed herself a bit by calling for respect for the public interest. Unfortunately she is a lawyer -- the natural enemy of determined action. I, myself, am a lawyer. The only thing worse is an economist. And I'm that too.

www.OutputBasedMoney.info/

Gelles  04/21/2012 05:16 AM Report

The talk and smile fest from the IMF mentioned below was pitiful. It ended with the thought that life was harder than mush and softer than stone, but there is no alternative. That is the TINA Maggie Thatcher made famous.

There is an alternative. Partial mobilization to supplement markets with economic commands to allow everyone to work for money and produce all that the money should buy.

Ignorance of money and an astounding degree of corruption in its application is what the problem is about. Charlie Rose gave idiots on the subject time to make no sense of any of it EXCEPT FOR CHRISTINA ROMER. She tried to explain to them to end the deficit in demand. Thereafter end the deficit in supply. Keep austerity under control. Fully support our animal spirits to build an arsenal for peace as we once built one for war. Peace and plenty are asking for us to want them. Let us do them that favor.

Gelles  04/21/2012 04:58 AM Report

It is Saturday April 21, 2012, after 1am but not yet 2am, and Charlie Rose has just presided over thoughts expressed out loud by financial leaders and thinkers -- from Mexico, India, France (the female head of the IMF), America (Charlie Rose himself), Sweden, and America (Christina Romer ex-Obama adviser still his friend), -- all at the invitation of the International Monetary Fund, to celebrate the IMF plan to support global stability with less than a half a trillion dollars. Say the sum they work with to encourage lending will be $400 billion.

There are 7 billion people -- in need of money to eat and sleep indoors -- whose workforce is, say, 2 billion, (including children who work and adults who don't but should).

If these 2 billion workers got and extra $200 each, the $400 billion would be accounted for.

Since the need is more than ten times the amount celebrated, I see these people, including Charlie Rose, more than a dollar short and a day late.

They relate to John Chambers and Cisco Systems, Inc., (the worldwide leader in networking that transforms how people connect, communicate and collaborate,) because Chambers is a lawyer CEO whose interest in solving the deficit in demand (and supply) for (and of) essentials, is not apparent or even asked for.

Sharks mentions that a $200 loan is not a big thing when we earn more than $30 million a year. What do you (reading this) earn in a year? Will a $200 loan help -- if your home is under water and your car is out of gas?

SharkswithfrikingLazers  04/21/2012 03:12 AM Report

Charlie, you might have asked him about cash on his balance sheet.

Last year when he was cutting thousands and thousands of workers he had $43.4 billion in cash and equivalents.

So why didn't he bring the money home, help the US with its debt/deficit by paying the taxes and keep the workers employed and moving forward to the next big thing?

With a Salary US$ 37,900,000 (2011) and a Net worth US$1 billion (2009) one would think we might get a little creativity instead of the ol' slash and burn.

SharkswithfrikingLazers  04/21/2012 03:00 AM Report

Charlie, I must have not heard correctly.

I thought Mr. Chambers said Cisco pays at the 33% rate and is responsible for about 1% of America's tax revenue.

Your buddies at Bloomberg say Cisco Systems Inc. (CSCO) has cut its income taxes by $7 billion since 2005 by booking roughly half its worldwide profits at a subsidiary at the foot of the Swiss Alps that employs about 100 people.

Wow!

Our Biggest Tax Avoiders Game Us For A $1 Trillion U.S. Tax Break

http://www.bloomberg.com/news/2011-06-28/biggest-tax-avoiders-win-most-gaming-1-trillion-u-s-tax-brea k.html

SharkswithfrikingLazers  04/20/2012 05:17 PM Report

Yes, Charlie how indeed do you tell when you are too fat?

He mentioned that your decisions are too slow and said that both his parents are Doctors so you don't just look at the symptoms.

So I took a look beyond the symptoms: Salary US$ 37,900,000 (2011) Net worth US$1 billion (2009)

http://en.wikipedia.org/wiki/John_Chambers_%28CEO%29#Compensation

Then I looked at my shares of Cisco and how they have performed over his 15 years.

Yes indeed, someone is really, really, really too fat.

REMant  04/20/2012 12:32 PM Report

Obviously a maker of Internet equipment would think more Internet usage a good thing. I don't entirely because services are inherently monopolies and decidedly unrepublican. And I don't think failure of re-invention, whatever that means, is quite the major cause of the loss of so many firms. Most likely he means by the concept shifting into a field the Asians aren't yet in. Cutting fat historically only happens of necessity, usually in step with recessions. The fact that Cisco stock hasn't performed well is no doubt why he is on this program. But I'd guess the real reason for it is because the broadband has stalled. Besides the recession I would suppose the increase in wireless use has something to do with that. If a co has nothing to invest in, then it may as well buy back its stock. I would also question just how long advertising revenue, much less financial gimmickry, can be used to sustain business in this field without manufacturing and technological innovation. IMHO, these CEOs are as tedious as the college presidents.