The debate continues on the merger of XM (XMSR ) and Sirius (SIRI ) Satellite Radio as the case again comes before the Senate Committee on Commerce for round four since its original proposition in February. Opponents argue that the merger will create a monopoly, leaving a sole provider for satellite service to consumers. This, they argue, will lead to increased prices and decreased content. Advocates argue that the merger is necessary in order to compete against other technologies, including terrestrial radio, MP3 players, CD/DVD etc. The inference is that the battle between the two small companies for the limited audience is splitting the market and preventing its advance against the other technologies.
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| How I Made Chevron An Ethical Investment |
| Written by David Neubert | |||
| Friday, 23 May 2008 11:27 | |||
![]() Photo:rooreynolds-, Creative Commons, Flickr I own Chevron (CVX - $100.81) and have made a pretty penny holding the shares. Owning oil companies has helped make up for my losses in financial shares this year. The other nice part about holding Chevron shares is that I can do things like appoint Amazon Watch as my proxy this year to represent me at the meeting. ![]() Other bloggers have criticized me for holding Chevron. They say that ethical investing and hold on oil company are inconsistent. I express my ethics through the power that being a shareholder gives me. So yes, thank you Amazon Watch for representing me with your votes. And yes, I've asked them to vote to keep the current board. But also to express my concern about way Chevron can minimize damage to the environment. ![]() In particular, by appointing Amazon Watch to represent me I am joining a long list high-profile shareholders who are asking ChevronTexaco to make itself accountable for environmental damage in the Amazon of Ecuador. Disclosure: I own Chevron. I will likely continue to own Chevron.
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| Last Updated on Sunday, 25 May 2008 21:49 |