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Exactly. It seems that the current trend is to dehumanize folks as much as possible. Nevermind the fact that businesses are made of people, and they SERVE peopl
by pdntspa 4y ago
Exactly. It seems that the current trend is to dehumanize folks as much as possible. Nevermind the fact that businesses are made of people, and they SERVE people, and not just their shareholders.
In fact, if anything, shareholders need to take a back seat on the list of priorities.
- FredPret 4y agoShareholders literally own the company and thus hold all the strings. Your point regarding business = people stands though
- atq2119 4y ago> Shareholders literally own the company and thus hold all the strings. This implication doesn't have to be true though - it's a political choice. There are (well developed) countries in which worker representatives have a significant amount of board vote shares by law, usually applicable to companies beyond a certain size.
- FredPret 4y agoAs a shareholder, I’d never vote to continue employee-unfriendly policies in a knowledge work company. There are too many shareholders that merely rubberstamp the decisions that come up at AGMs.
- rmah 4y agoMy understanding is that in those nations, non-shareholders have board representation, not voting control. I.e. they have people on the board to hear what's discussed and give them a voice in deliberations, but no actual control. Is my understanding incorrect?
- ezconnect 4y agoThe problem is the investors, they don't like companies that has zero growth rate even if it is profitable. Profitable companies that has zero growth rate are used as collateral for loans to buy growing companies with negative profits and this bankrupts the profitable company because of debt burden. It seems greed is too much in the capital markets.
- FredPret 4y agoWhat you described is stupidity, not greed. Stupid investors get their capital taken away.