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Good of course tonight the Federal Reserve is -- yet again it's prohibiting companies such as -- life and JPMorgan Chase.
From raising dividends for shareholders.
My next guest is a system systems could Cisco systems' corporate shareholder who's echoing those company's request but his request is into the Fed's is into the Federal Reserve it's just Cisco's CEO.
Here to discuss this is the notorious shareholder consumer advocate capital and and author of only the super rich can save us.
Ralph Nader -- and -- Welcome back the freedom of cellular capitalists -- you own stock so you're needling Cisco what do you trying to get Cisco did it that they don't want to.
-- like a Google apple many other corporations are sitting on.
Tens of billions of dollars of liquid capital and not share -- it with their owners the shareholders -- of dividends.
And and Cisco is now 56 times bigger -- it was in.
2000 more profitable.
And it's run in about eighteen dollars a share it was 82 dollars a share in march of 2000 so it's all been going down.
And just in one last year.
They threw a little -- to shareholders.
And eight cents per quarter dividend and we're saying now.
We're long overdue.
It's our money.
It's our 45 billion dollars.
We want a one dollar special dividend and a double of the quarterly dividend because -- either shareholders have -- quick view year after year got a year you and you have not returned the heart of the money and of course the more dividends that are returned.
Andrew the more people spend and is better.
For the economy.
You you are a shareholder Cisco you have every right to do that you invested in the company.
You're entitled to as much return as is the common interest on the other shareholders question Ralph Nader.
Should the Federal Reserve.
Set itself up between year one Cisco and should those super secret bankers decide how much of a dividend -- returns to the shareholders.
-- now because Cisco is never bailed out never ask for bail out.
And we're we're trying to organizers shareholders are in the owners here are powerless over the -- that are enriching themselves -- not sharing.
The money with the owners -- shareholders who we want to hear from.
People would -- Cisco shareholders are others who want to increase dividends.
I had just contact us -- shareholders.
That Nader dot org that's shareholders.
Detonator dot org or by the way Andrew that those words have never been used together.
-- shareholder and Nader correctly where we are quite happy and surprise surprise to -- you become such a capitalist young man switching gears.
If I want to grow -- In my backyard.
In order to turned into a very vibrant.
Profitable fiber which makes some of the best rope on the planet.
Is -- any of the governments businesses and any of the federal government's business to stop me from doing so.
None at all and have not only produces great -- as the US navy.
Found out -- and and forward to.
It produces food energy.
Paper you're not to cut down as many trades.
Some of the auto companies use it for auto parts in an internal part of the passenger compartment.
As 5000 known uses has nothing to do it marijuana -- 13 of 1% TH city.
And you can't get high on it.
And look at this why is it that we can import industrial help its legal from China Romania France Canada we can't borrow it forever -- our farmers from growing in -- here.
To amplify their income stimulate the economy that would provide one of the best.
But strongest fibers in the history of mankind that would be this.
Me yeah and George -- -- -- and Thomas Jefferson grew in their backyards before I let you go.
It's almost time for you to decide Ralph whether you're gonna run for president -- twelve what is it this year.
Very unlikely very unlikely all right so was on -- you want freedom watch thanks Richard Reyes my friend always a pleasure.
Right here -- stocks rallied above the 121000.