Investing in dead people
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http://online.wsj.com/article/SB10001424052748704543004576052190231428096.html Very creepy. The closest thing I've come a cross to is the corporate life insurance policies companies would take out on rank and file employees.
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
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http://online.wsj.com/article/SB10001424052748704543004576052190231428096.html Very creepy. The closest thing I've come a cross to is the corporate life insurance policies companies would take out on rank and file employees.
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
I first ran across the concept back in the '90's when guys with AIDS were paying for their treatment by selling their insurance policies. Of course as the medicines became more effective the policies became less attractive.
"I am for doing good to the poor, but I differ in opinion of the means. I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. In my youth. I have observed in different countries, that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer." ~ Benj Franklin