3 ms·
> Is it inevitable? Will the allure of short-term profits kill every good company? IANAL but it seems to me it should be possible to have a company "constitutio
by jaredklewis 3y ago
> Is it inevitable? Will the allure of short-term profits kill every good company? IANAL but it seems to me it should be possible to have a company "constitution" that prevents it, somehow. "If the profit margin of operations exceeds 10% the CEO has to be replaced" or whatever.
It's possible. Of course hard to imagine the kind of investor that is going to want to invest in a company like this and SV pretty much runs on VC money.
If given a choice, I'll take 1st percentile salaries at company w/o profit cap constitution over taking a pay cut. It's like, if you make $350k+ a year...just sort of budget that you might one day lose that job.
The vast, vast bulk of the country pays all their expenses, cares for their children, elderly family members, sick relatives and so on with <$100k salary. You can insure yourself against any hardship in unemployment with a top 1% salary.