4 ms·
It is not obviously stupid that labor running the company is a bad thing. I think it is a bad thing in most cases, but I can understand the debate. What IS stu
by dumbfounder 9y ago
It is not obviously stupid that labor running the company is a bad thing. I think it is a bad thing in most cases, but I can understand the debate.
What IS stupid is thinking that companies will stick around while their control gets transferred away (from those controlling it). If a company wants to transfer control to its employees, it will do that. If a company doesn't (almost all of them) it will leave. That seems pretty darn obvious to me.
- vec 9y agoBut didn't they already voluntarily transfer control away by issuing stock? Isn't that what stock is? The CEO doesn't own a publicly traded company, the shareholders do. And if they don't think a sale is a good idea they can just not sell their shares at the offered stock price. I'm being a bit intentionally naive, but I don't understand who the "they" is that is supposed to have a valid worry about losing control.