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> I would assume you have a problem with the satellites, but Amazon, SpaceX and OneWeb are companies, not a Millionaires. Elon Musk is CEO of SpaceX and owns
by jsiepkes 6y ago
> I would assume you have a problem with the satellites, but Amazon, SpaceX and OneWeb are companies, not a Millionaires.
Elon Musk is CEO of SpaceX and owns > 50% of the shares. As for Blue Origin (aka Bezos / Amazon); Bezos is the owner of the company. That means these people can make decisions on their own without consulting anyone else. They appoint the board, they appoint the CEO, etc.
And sure, there are outside investors. However these investors can only marginally influence anything because they can not get a majority of share holder votes (since Bezos, Musk have > 50% shares). Maybe they got a seat on the board if their investment is large enough. But then what? They still can't get a majority in the board. Besides the only reason these investors want to participate is because the whole thing is controlled (and partially bankrolled) by Musk and Bezos.
- cheph 6y agoSo are you positing that it would be impossible for a company to make such decisions if no individual shareholder owned >50% of the shares? If so the problem is still not with millionaires. And I'm not sure by what mechanism this will function. What will prevent a company where no individual shareholder owns >50% of shares from making a similar choice?