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These unicorns are in a unique position to tell the shareholders -- whom are, let's face it, increasingly acting like a cartel across wide swathes of the econom
by ihsw 11y ago
These unicorns are in a unique position to tell the shareholders -- whom are, let's face it, increasingly acting like a cartel across wide swathes of the economy because there are fewer and fewer of them each fiscal year -- to tell them to fuck off.
And that scares the regulators because they're paid to keep "everybody in the fold" by extolling the virtues of being publicly owned.
Here's a useful tidbit: the mysterious market forces -- the "shareholders" as they're known -- are actually a small group of individuals or groups that pull the levers of the economy. The regulators rely on these lever-pullers to play ball when need be.
Frankly I think these unicorns are right to fear buying into the US economy by going public, the overt assertions of power by the US government are definitely something to avoid.
- littletimmy 11y agoSurely you're joking? The "shareholders" OWN the companies in question. Of course it is their right to demand whatever they want from the company - they own the thing. No company can tell its shareholders to fuck off, because it is subservient to them.
- Throwaway23412 11y agoThis depends on the structure of control in the companies. Anyone familiar with Facebook and Google knows that Zuckerberg pulled some fantastic manipulation of board seats and Brin and Page created a new class of voting shares that are 10x more powerful than regular shares. In such set-ups, the co-founders have permanent control of their companies without having to hold too many shares. I imagine that many of the co-founders of the "unicorns" were smart enough to replicate Zuckerberg and Brin/Page and are subservient to no one.