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True. Very true. I'm more concerned about profit to top management outweighing profit to the company, though. Or more accurately, I'm thinking about two differ
by Vivtek 10y ago
True. Very true. I'm more concerned about profit to top management outweighing profit to the company, though.
Or more accurately, I'm thinking about two different situations here - one is a startup a friend is founding; he wants to keep it true to purpose. The other is a company I plan to found in the future; I intend to make sure it provides economic stability to the community for the long term.
To be honest, I keep conflating these two goals, but they're not the same; they just fall into the same kind of ballpark, which is: how do you guard against poor judgment on the part of top management? And the answer is: you can't, not perfectly. Because if you could, they wouldn't be top management.
- darpa_escapee 10y agoMaybe a for-profit company isn't the structure you want to establish towards that goal. Such an entity is going to have inherent incentives to generate and increase profits through any means, good or bad. Management will have to bow to those needs and they'll have their own profit motive to do so. It would take a miracle of human nature to make sure the company behaves in a 'non-evil' manner to that end in every situation for all of time.
- Vivtek 10y ago"All of time" is maybe overstating my ambition, and "non-evil" was not the best choice of title. You're not wrong, though.