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Because the people who own companies are either a) disinterested index funds, or b) members of the same plutocrat class as the board members and CEOs.
by ForHackernews 6y ago
Because the people who own companies are either a) disinterested index funds, or b) members of the same plutocrat class as the board members and CEOs.
- lotsofpulp 6y agoWhy are the people in b) okay with overpaying for something?
- klyrs 6y agoBecause they're also getting overpayed in a similar situation at a different company. It's in their direct interest to raise the "market rate"
- lotsofpulp 6y agoSo a significant portion of owners employ each other at each others’ companies?
- ThalesX 6y agoYou're talking about employment as if they're working 9 - 5 in construction. These people are amplified by their networks, they don't work for eachother. The better their networks performs, by connections, or by value, or by whatever metric you want to monitor, the more they perform...
- JohnPrine 6y agoWhat about private equity firms?