4 ms·
Cue every 10 billion dollar company splitting into 11 supposedly unrelated 0.9 billion dollar companies (with the same shareholders, CEO and board).
by wongarsu 3y ago
Cue every 10 billion dollar company splitting into 11 supposedly unrelated 0.9 billion dollar companies (with the same shareholders, CEO and board).
- js8 3y agoThat would be somewhat OK, IMHO. The power of big companies comes from the fact that they can throw money around. Breaking them up would limit it, and make these flows publicly visible.
- ta1243 3y agoA $10b company is pocket change to the beomouths that run the world. Sure $10b seems like a lot to you and me, but to split Apple, Microsoft, Google to just $10b would require hundreds of different companies to form from their split. To go to $1b companies would make that thousands of companies. You could split apple into 3000 companies and still need to split further. The CEO would be able to spend less than 1 minute a week on each company.
- interactivecode 3y agoIf that really is a problem we can just still count it as a single company for the tax office. Or make it illegal for companies to own other companies. That would even encourage competition and break down monopolies! All things capitalism thinks are good things.