“They aren’t charities. They have shareholders to report to,” he [Robert Hammer, an industry consultant] said, referring to banks and credit card companies. “Whatever is left in the model to work from, they will start to maneuver.”
This wonderful rhetoric is in regards to beginning to charge annual fees and remove grace periods from people who regularly pay off their credit cards (from the NY Times). In other words, consistent revenue from transaction fees is not the near-term windfall quick-buck, pump and dump shareholders demand. (Yeah, my rhetoric is rusty.)
Related posts:
- A rhetoric for writing in the post-digital era I love this rhetoric from Georgetown University’s Martin Irvine entitled “Writing to be Read: A rhetoric for writing in the...
- Mount Vernon, Port Huron and Sharon Statements in Comparison Apparently conservatives have a new statement named for Mount Vernon, George Washington’s home. The new Mount Vernon Statement is modeled...
- Social work is women's work, so we don't care Two articles came across my desk today that I think are strongly connected. The first is from Danah Boyd on...
- Leaders and privileged voices From Active Voices: Composing a Rhetoric for Social Movements by Sharon McKenzie Stevens. Chapter 2, “Vernacular Rhetoric and Social Movements:...
