3 ms·
If you don't have the majority youre not the owner but an employee.
by KingOfCoders 5y ago
If you don't have the majority youre not the owner but an employee.
- HWR_14 5y ago> If you don't have the majority youre not the owner but an employee. By that definition Bezos is (well, was) an Amazon employee. And Musk is Tesla employee. Zuckerberg owns a minority of shares but a majority of votes, so I don't know where he falls in your calculus. But I disagree with your statement as a whole, so I don't care too much about the line.
- colinmhayes 5y agoBezos does not own Amazon. Neither does Musk own Tesla. I would say Zuckerberg does own Facebook due to his majority control of votes.
- throwawaylinux 5y agoVoting is not ownership though so why would you say that of Zuckerberg?
- OkayPhysicist 5y agoThat kinda pushes you into the absurdity of the situation, actually. What is ownership, if not control? To own something is to control it, and to control something is to own it. Possession, control, and power are much more fundamental concepts than an illusiory idea of ownership sold to you by the finance industry.
- throwawaylinux 5y agoI think you're overthinking it. The concepts of ownership and control are pretty well separated. It happens all the time. In leasing, for example, or silent partnership agreements. There's nothing illusory about it, the definitions about what you can do with Facebook voting and non-voting shares would be quite rigorously defined.
- KyeRussell 5y agoYou’ve pointed out two examples of “big personality” CEOs that are colloquially understood to “own” their company, but your argument seems to be that they must own them by virtue of it sounding preposterous to a layperson that they don’t? Tesla would probably exist without Musk as CEO. Amazon would certainly exist without Bezos as CEO.
- HWR_14 5y agoI kept using the word "employee", not "owner". And I think most people would agree that the largest shareholder who is CEO is not an employee in the standard use of the word. Since the OP responded in a different post that Zuckerberg, by virtual of control of the majority of Meta stock isn't an employee, he's clearly referring to power, not to equity. And I think it's true that Bezos (if he chose to reassert himself) or Musk can do whatever they want with their respective companies. I mean, even if he doesn't control more than 20% of the stock, who do you think is going to stand up to Musk? The institutional investors? A coalition of people who bought into Tesla because they worship him? The minority that is none of the above?
- KingOfCoders 5y agoThe second he loses trust he's gone.