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This has nothing to do with motivation, If you start a company and that company becomes succesfull you will end up rich. > Being a CEO/leader doesn't require

This has nothing to do with motivation, If you start a company and that company becomes succesfull you will end up rich. > Being a CEO/leader doesn't require some skill set that's given to you from some mythical watery being just because you're special. Controlling a company requires shares, and shares are networth, it is good that companies are controlled by people who most understand them, and those are the people who started/built them. There seems to be an illogical hate to people who have build companies that ended up being successfull. If you are a small business ( non mega successfull company ), everyone is with you, "Small businesses are the backbone of our economy ", but then you win.

Johnny555 4y ago
Controlling a company requires shares, and shares are networth, it is good that companies are controlled by people who most understand them, and those are the people who started/built them. Voting shares don't have to have monetary value. Rememeber Google's IPO where the founders had stock with 10 votes per share, or Berkshire Hathaway's Class B stock with 1/10000th the voting rights as class A? So a founder could retain control of a company without becoming personally rich.
- xvedejas 4y ago
  Aren't those classes of stock with voting power worth a lot more? I'm not sure how you'd possibly avoid being rich on paper if you have a majority voting power for Google.
  - Cerium 4y ago
    Not necessarily, for example Facebook supervoting shares were setup to convert to normal shares if transfered, making them only more valuable to the original holder.
    - xvedejas 4y ago
      Okay, interesting. I'm guessing those people typically had many normal shares too, right? Otherwise if they're given a fairly small financial stake, and have no skin in the game -- I'm guessing that most investors wouldn't like that?
- tbrownaw 4y ago
  > Voting shares don't have to have monetary value. I would think the power to control a large company would be worth at least something even if it is decoupled from the right to get part of any money they decide to give to stockholders.
- hervature 4y ago
  > Voting shares don't have to have monetary value. :facepalm: If you control a company worth $1T, someone is going to be willing to buy your share. If you're implying that voting shares don't have to be transferable, the question becomes how do you pick the next leader? The current owner gets to appoint the next in line? That's basically monarchy. The history I was taught says that only those at the top thrive under monarchy.
  - Johnny555 4y ago
    How is that different than the current situation? If I own a controlling share of a company, I don't have to sell my shares to the highest bidder, I can decide to transfer them to my grandmother. Why does it matter if money is exchanged or not?
imdsm 4y ago
A lot of people seem to be in the mindset that it'll never be them so it should never be anyone else. It's not just in the US, here in the Uk we have the same mindset too. A lot of people dislike/hate Elon Musk for example, and usually they focus on two things: his tweets, and his wealth. Conveniently forgetting that prior to his work at SpaceX and Tesla (which he's driven) reusable rockets weren't a thing and EVs were restricted to oddities laughed at on Top Gear. It seems to be the way, people look at the wealth and think "well that shouldn't happen". But it doesn't come from no where, it doesn't just appear. For anyone who thinks this wealth shouldn't appear, let me ask this: if someone could discover a cure for all cancers — how much should they be allowed to earn for it? I.E. What price would you put on the cure for all cancers?
- Kaze404 4y ago
  You're right that it doesn't come from nowhere. It comes from the people who are actually doing those amazing things: the workers.
- akoncius 4y ago
  I think most of this sentiment comes not because of wealth in itself but how it was achieved. majority of billion dollar companies are associated with bad behaviour : anticompetitive practices, shady deals, government subsidies etc. amazon got billions in subsidies just for opening second headquarters. amazon is selling ripoffs of big brands. worker rights abuses. microsoft did many things to eliminate competition. list goes on and on. and I’m not even talking about uber’s shady projects to avoid government agencies. so when success gets achieved by scams and shady behaviour, probably it’s not much to celebrate and reward.
  - kortilla 4y ago
    > amazon got billions in subsidies just for opening second headquarters Because it’s going to spend far more there. Nearly all large commercial builds get similar deals in tax deferrals because having employment is still a big net win for the locality.
- karpierz 4y ago
andrepd 4y ago
>Controlling a company requires shares, and shares are networth, it is good that companies are controlled by people who most understand them, and those are the people who started/built them. Yes, indeed this is how things work in this particular system, so you are kind of making a circular argument. For instance, I disagree with the whole concept of joint-stock companies.
- dcow 4y ago
  Cool! Let’s have that argument in a world where joint stock companies don’t exist…
Kina 4y ago
> There seems to be an illogical hate to people who have build companies that ended up being successfull [sic]. Companies are comprised of people and people do not like giving up control they have fought for, whether it is reasonable or not. It is difficult for many to avoid the temptation to use a position of power unethically to retain it. Nobody wants to be RIM/Blackberry, but it's neither okay for a company like Qualcomm to make immensely inequitable deals that are tantamount to extortion because they own patents on essential technology. If you're the only game in town, you have a responsibility to act reasonably, but many do not and often the founders/execs seem to think they are entitled to keep their success. Yes, you earned your success, but keeping it is another fight.

Johnny555 4y ago

Controlling a company requires shares, and shares are networth, it is good that companies are controlled by people who most understand them, and those are the people who started/built them. Voting shares don't have to have monetary value. Rememeber Google's IPO where the founders had stock with 10 votes per share, or Berkshire Hathaway's Class B stock with 1/10000th the voting rights as class A? So a founder could retain control of a company without becoming personally rich.

xvedejas 4y ago
Aren't those classes of stock with voting power worth a lot more? I'm not sure how you'd possibly avoid being rich on paper if you have a majority voting power for Google.
- Cerium 4y ago
  Not necessarily, for example Facebook supervoting shares were setup to convert to normal shares if transfered, making them only more valuable to the original holder.
  - xvedejas 4y ago
    Okay, interesting. I'm guessing those people typically had many normal shares too, right? Otherwise if they're given a fairly small financial stake, and have no skin in the game -- I'm guessing that most investors wouldn't like that?
tbrownaw 4y ago
> Voting shares don't have to have monetary value. I would think the power to control a large company would be worth at least something even if it is decoupled from the right to get part of any money they decide to give to stockholders.
hervature 4y ago
> Voting shares don't have to have monetary value. :facepalm: If you control a company worth $1T, someone is going to be willing to buy your share. If you're implying that voting shares don't have to be transferable, the question becomes how do you pick the next leader? The current owner gets to appoint the next in line? That's basically monarchy. The history I was taught says that only those at the top thrive under monarchy.
- Johnny555 4y ago
  How is that different than the current situation? If I own a controlling share of a company, I don't have to sell my shares to the highest bidder, I can decide to transfer them to my grandmother. Why does it matter if money is exchanged or not?

imdsm 4y ago

A lot of people seem to be in the mindset that it'll never be them so it should never be anyone else. It's not just in the US, here in the Uk we have the same mindset too. A lot of people dislike/hate Elon Musk for example, and usually they focus on two things: his tweets, and his wealth. Conveniently forgetting that prior to his work at SpaceX and Tesla (which he's driven) reusable rockets weren't a thing and EVs were restricted to oddities laughed at on Top Gear. It seems to be the way, people look at the wealth and think "well that shouldn't happen". But it doesn't come from no where, it doesn't just appear. For anyone who thinks this wealth shouldn't appear, let me ask this: if someone could discover a cure for all cancers — how much should they be allowed to earn for it? I.E. What price would you put on the cure for all cancers?

Kaze404 4y ago
You're right that it doesn't come from nowhere. It comes from the people who are actually doing those amazing things: the workers.
akoncius 4y ago
I think most of this sentiment comes not because of wealth in itself but how it was achieved. majority of billion dollar companies are associated with bad behaviour : anticompetitive practices, shady deals, government subsidies etc. amazon got billions in subsidies just for opening second headquarters. amazon is selling ripoffs of big brands. worker rights abuses. microsoft did many things to eliminate competition. list goes on and on. and I’m not even talking about uber’s shady projects to avoid government agencies. so when success gets achieved by scams and shady behaviour, probably it’s not much to celebrate and reward.
- kortilla 4y ago
  > amazon got billions in subsidies just for opening second headquarters Because it’s going to spend far more there. Nearly all large commercial builds get similar deals in tax deferrals because having employment is still a big net win for the locality.
karpierz 4y ago

andrepd 4y ago

>Controlling a company requires shares, and shares are networth, it is good that companies are controlled by people who most understand them, and those are the people who started/built them. Yes, indeed this is how things work in this particular system, so you are kind of making a circular argument. For instance, I disagree with the whole concept of joint-stock companies.

dcow 4y ago
Cool! Let’s have that argument in a world where joint stock companies don’t exist…

Kina 4y ago

> There seems to be an illogical hate to people who have build companies that ended up being successfull [sic]. Companies are comprised of people and people do not like giving up control they have fought for, whether it is reasonable or not. It is difficult for many to avoid the temptation to use a position of power unethically to retain it. Nobody wants to be RIM/Blackberry, but it's neither okay for a company like Qualcomm to make immensely inequitable deals that are tantamount to extortion because they own patents on essential technology. If you're the only game in town, you have a responsibility to act reasonably, but many do not and often the founders/execs seem to think they are entitled to keep their success. Yes, you earned your success, but keeping it is another fight.