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The only winners were the Twitter shareholders, who the execs are supposed to represent.
by sidibe 4y ago
The only winners were the Twitter shareholders, who the execs are supposed to represent.
- papito 4y agoThis has been a trend in this late stage Capitalism, if you will. A large group of people spend years and decades building a company that can still grow and produce immense wealth over long-term, but a bunch of grifters roll in and sell it for parts, because "shareholders". The job of the board is to assure long-term growth of the investment, not a one-time burn-it-all-down event or a slow bleed (GE, Boeing) where the shareholders get unreasonable returns while annihilating the hard work building up the company. These are not company-building boards, these are company-destroying boards. Literally, vulture capitalists from the inside.