3 ms·

It is public information and how CEOs are chosen. If you want to know more: starbucks, a vanguard/blackrock company, with msft CEO has massive debts and stabuc

It is public information and how CEOs are chosen. If you want to know more: starbucks, a vanguard/blackrock company, with msft CEO has massive debts and stabucks is paying huge interests all year long. Public info.

toomanyrichies 4y ago
If it’s public info, you should have no trouble citing your sources. It’s not our job to do so on your behalf.
- sylware 4y ago
  Usually wikipedia has the info, and few sites list the same info and sometime more, for instance the debts of the company (some profits are sucked out with the huge interests of those massive debts). Usually a good start is gogol (a vanguard/blackrock company!): "who owns tesla". Amazon for instance: JB is in full control, with azure/vanguard/blackrock right behind.
kasey_junk 4y ago
The ceo of Starbucks is Howard Schultz one of the long time people associated with Starbucks. This is his third time being CEO including the period that made Starbucks a household name and when it went public. He’s not at all associated with Vanguard or Blackrock. The next CEO was chosen by the board in a very public CEO search. Laxman Narasimhan has the pedigree you’d expect from someone picked for that role including being a ceo of a big company and a long stretch at Pepsi. Perhaps you can be specific about what you think Vanguard or Blackrock did as part of this process that caused a three time ceo & founder of Starbucks to be chosen as the interim and then followed by what appears to be a highly qualified candidate?
- sylware 4y ago
  I stand corrected, msft CEO is "just a member" of starbucks board of directors, not the CEO and I checked Pepsi, it is vanguard/blackrock own company. All that is a "small small world".
  - kasey_junk 4y ago
    Vanguard and Blackrock buy companies as part of their size in the market. Literally a published equation. By definition if a company is a large part of the public markets they will own a big portion of it. In Vanguards case, that ownership is a direct pass through to the people buying into those indexes. Do the ultimate ownership is dispersed. Do you have any point other than “big index funds own the correct percentage of the market they index?”
    - sylware 4y ago
      It is extremely simple: biggest share holders have a significant weight at deciding who are directors on the board (then the management teams), and those are usually their ppl. This is not rocket science.
      - tptacek 4y ago
        As you write more about this, you don't manage to make it sound less like a conspiracy theory. But that's helpful; I know how to interpret what you were saying upthread now. Thanks for responding.
        sylware 4y ago
        The major share holders are the ones deciding on directors and management teams and if you think this is a conspiracy theory, cannot do much more, thx for listening.
      - kasey_junk 4y ago
        Ah I see. In that case, Tesla has 4 board members that come from companies with large ownership percentages by Blackrock/Vanguard. Robyn Denholm came from Jupiter networks, Vanguard owns ~11%. James Murdoch came from Fox. Vanguard owns ~7%. Joe Gebbia was an Airbnb founder, vanguard owns ~6%. Kathleen Wilson-Thompson is a long time Walgreens exec, Vanguard owns ~7% So no, that doesn’t seem to be the difference.

toomanyrichies 4y ago

If it’s public info, you should have no trouble citing your sources. It’s not our job to do so on your behalf.

sylware 4y ago
Usually wikipedia has the info, and few sites list the same info and sometime more, for instance the debts of the company (some profits are sucked out with the huge interests of those massive debts). Usually a good start is gogol (a vanguard/blackrock company!): "who owns tesla". Amazon for instance: JB is in full control, with azure/vanguard/blackrock right behind.

kasey_junk 4y ago

The ceo of Starbucks is Howard Schultz one of the long time people associated with Starbucks. This is his third time being CEO including the period that made Starbucks a household name and when it went public. He’s not at all associated with Vanguard or Blackrock. The next CEO was chosen by the board in a very public CEO search. Laxman Narasimhan has the pedigree you’d expect from someone picked for that role including being a ceo of a big company and a long stretch at Pepsi. Perhaps you can be specific about what you think Vanguard or Blackrock did as part of this process that caused a three time ceo & founder of Starbucks to be chosen as the interim and then followed by what appears to be a highly qualified candidate?

sylware 4y ago
I stand corrected, msft CEO is "just a member" of starbucks board of directors, not the CEO and I checked Pepsi, it is vanguard/blackrock own company. All that is a "small small world".
- kasey_junk 4y ago
  Vanguard and Blackrock buy companies as part of their size in the market. Literally a published equation. By definition if a company is a large part of the public markets they will own a big portion of it. In Vanguards case, that ownership is a direct pass through to the people buying into those indexes. Do the ultimate ownership is dispersed. Do you have any point other than “big index funds own the correct percentage of the market they index?”
  - sylware 4y ago
    It is extremely simple: biggest share holders have a significant weight at deciding who are directors on the board (then the management teams), and those are usually their ppl. This is not rocket science.
    - tptacek 4y ago
      As you write more about this, you don't manage to make it sound less like a conspiracy theory. But that's helpful; I know how to interpret what you were saying upthread now. Thanks for responding.
      - sylware 4y ago
        The major share holders are the ones deciding on directors and management teams and if you think this is a conspiracy theory, cannot do much more, thx for listening.
    - kasey_junk 4y ago
      Ah I see. In that case, Tesla has 4 board members that come from companies with large ownership percentages by Blackrock/Vanguard. Robyn Denholm came from Jupiter networks, Vanguard owns ~11%. James Murdoch came from Fox. Vanguard owns ~7%. Joe Gebbia was an Airbnb founder, vanguard owns ~6%. Kathleen Wilson-Thompson is a long time Walgreens exec, Vanguard owns ~7% So no, that doesn’t seem to be the difference.