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I agree. Unfortunately the majority of shareholders are rich dudes who just care about their numbers going up. The whole thing is psychopathic.
by AgentOrange1234 3y ago
I agree. Unfortunately the majority of shareholders are rich dudes who just care about their numbers going up. The whole thing is psychopathic.
- lazide 3y agoThey certainly wouldn’t be rich dudes for long if they were okay with the numbers going down!
- gruez 3y agoWhat do you suggest we optimize for instead? "their numbers going up" is at least objective.
- scarface_74 3y agoEveryone who has money in the stock market via their retirement funds care if the stock goes up
- feetsoup 3y agoTHEIR numbers going up, is the part you may be overlooking in that.
- lazide 3y agoCare to clarify?
- feetsoup 3y agoI'm assuming the person I replied to was insinuating that the people with an influential amount of voting stock are adequate representatives of the interests of small fry investors building up for retirement. My response is that if the former has the option to increase their share of wealth at the expense of the latter (like rearranging the leadership in a way that promotes short term gain at the expense of long term gain), they will take it. They're interested in their numbers, not any particular company, or the health of the market, or retirees. Thank you for asking for clarification. I realize I responded precipitously and was too cryptic to contribute anything meaningful to the discussion.