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Yes, instead we should have a tyranny of shareholders demanding ever more dividends, stock buybacks, acquisitions, layoffs, managing to Wall Street expectations
by ahelwer 9y ago
Yes, instead we should have a tyranny of shareholders demanding ever more dividends, stock buybacks, acquisitions, layoffs, managing to Wall Street expectations, etc. until the company is bled dry.
- enknamel 9y agoIt's hard to bleed a company dry if you are insisting that they pump in ever more blood. If a company dies your shares become worthless.
- ahelwer 9y agoIn a properly-diversified investment portfolio, the loss of any single company has minuscule impact. For workers, the loss of the company is much more devastating - suddenly left without salary and health insurance, faced with the prospect of having to uproot or retrain to find further employment, knowing that the hard work of a big chunk of their only life has gone up in smoke. Workers want the company to succeed.
- lutorm 9y agoBut that same argument applies to unions, too. If your company dies, you're out of a job. Why would a union do that?