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> the unelected Page and Brin having all that power with no recourse for the market The effective market when it comes to voting shares consists of hedge fund
by aliante 6y ago
> the unelected Page and Brin having all that power with no recourse for the market
The effective market when it comes to voting shares consists of hedge fund managers like Carl Icahn and Bill Ackman.
Nobody else is organized enough to beat the activist investors and they do all sorts of terrible things with that kind of power.
- peteretep 6y ago> Nobody else is organized enough to beat the activist investors I mean, except each other, and I think I'm OK with that? I'm not saying this is a whole solution, but making Zuck and co accountable to investors is an _excellent_ start. We got the Magna Carta as a result of rich people competing with other rich people.