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Galloway bought $10 mil worth of Twitter shares with the goal of doing the same thing Elliot is doing. Don’t let the political clickbait headline fool you, thi

Galloway bought $10 mil worth of Twitter shares with the goal of doing the same thing Elliot is doing. Don’t let the political clickbait headline fool you, this is all about profiting off twitter by removing Dorsey and bringing in a CEO who actually works full time at the company he runs. This has absolutely nothing to do with politics. Activists get a bad rap but they make our economy more efficient. The reason we’re having so many governance problems with big companies like Uber, WeWork, etc is because they stayed private for so long with zero accountability. If they went public earlier, activists could have made them a target much sooner. *edit: I see mods changed the headline to something more accurate

tschwimmer 7y ago
Those big public companies are really being reined in by their shareholders: Comcast, Verizon, Exxon Mobil, Valeant, Equifax, Wells Fargo. Oh wait... The public equities market has failed and will continue to fail to punish unethical behavior. Elliot, Scott Galloway, all the biggest equity funds all only care about returns. Scandals and misbehavior can affect returns but it’s often more efficient to cover them up or lobby to make them legal than actually fix the issue. I almost feel like CEO owners have more of an incentive to prohibit bad behavior to protect their individual legacy. Adam Neumann made out great from WeWork but it’s rumored he left America and I don’t blame him. Jack probably doesn’t want to be the guy who led to the downfall of the American democracy, and I’d trust him to do more about it than any combination of nameless funds.
loceng 7y ago
Do you understand the economy being more efficient isn't equal to making society via the health of society including societal systems like democracy more efficient? Regardless of the headline, the article states that Elliot was anti-Trump and then became pro-Trump:t that is why there is more concern, above and beyond the problems of non-human-centred capitalism of only caring about a "strong economy" excluding the health of society. You're making a lot of assumptions otherwise - which of there is only uncertainty and speculation at the moment. Also, economic drivers are inherently tied to politics.

tschwimmer 7y ago

Those big public companies are really being reined in by their shareholders: Comcast, Verizon, Exxon Mobil, Valeant, Equifax, Wells Fargo. Oh wait... The public equities market has failed and will continue to fail to punish unethical behavior. Elliot, Scott Galloway, all the biggest equity funds all only care about returns. Scandals and misbehavior can affect returns but it’s often more efficient to cover them up or lobby to make them legal than actually fix the issue. I almost feel like CEO owners have more of an incentive to prohibit bad behavior to protect their individual legacy. Adam Neumann made out great from WeWork but it’s rumored he left America and I don’t blame him. Jack probably doesn’t want to be the guy who led to the downfall of the American democracy, and I’d trust him to do more about it than any combination of nameless funds.

loceng 7y ago

Do you understand the economy being more efficient isn't equal to making society via the health of society including societal systems like democracy more efficient? Regardless of the headline, the article states that Elliot was anti-Trump and then became pro-Trump:t that is why there is more concern, above and beyond the problems of non-human-centred capitalism of only caring about a "strong economy" excluding the health of society. You're making a lot of assumptions otherwise - which of there is only uncertainty and speculation at the moment. Also, economic drivers are inherently tied to politics.