The weekly newsletter for Fed2 by ibgames

EARTHDATE: January 14, 2007

Official News - page 2

GALACTIC ADMINISTRATION TO LIMIT FINANCIERS HOLDINGS

by Hazed

Bowing to pressure from lobby groups, who have been protesting about the size of the massive portfolios held by fat-cat shareholders, the Galactic Administration has announced a new limit on the number of shares that can be owned by Financiers. The limit will be 35,000 shares. Financiers that have more than this won't have shares confiscated, but they will be unable to purchase any more until they have sold enough to bring their total down below the limit.

This equates to a basic holding in 35 different companies. Should any of the CEOs split their shares, however, it'll push the total number up and if that puts the Financiers over the limit, they will have to offload some of the shares before they can invest in any new companies.

This new rule will be implemented one day during the week - watch the bar board for the details.

We sent a newsdroid to the GA HQ to find out why this rule was being implemented. We couldn't get an official statement from anyone, but off the record we found out that that pressure had been brought to bear by Manufacturers who were outraged that once they had the ability to buy shares in their own companies, there were no shares left. The problem was exacerbated by a phenomenon nobody had anticipated: permanent Financiers, that is, those that get to the rank where they can buy shares and then stay there, rather than promoting to Founder. The new limit on the size of their portfolios may not do much to help existing Manufacturers, but it will stop the vulture capitalists from automatically buying shares in every new company without first disposing of some of the old ones, so should ease things for future CEOs.


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