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Rather, if you want to pursuit on providing valuable service or product, you should not have shareholders at all. Or any dependency whatsoever. No pressure for
by nicce 2y ago
Rather, if you want to pursuit on providing valuable service or product, you should not have shareholders at all. Or any dependency whatsoever.
No pressure for maximizing profits and abuse your position for profits.
- crazygringo 2y agoShareholders are just owners. Every company has to have owners (even if those owners are the employees, for instance). Owners ultimately make the decisions, by electing a board which oversees management. Anyone starting a company is free to cap profits if they want. You can write it directly into the articles of incorporation. Obviously it makes it harder to find investors, so good luck.
- anticensor 2y agoNo need to have owners if the charter is unambiguous enough to be implemented as a self-executing one (i.e. a DAO).
- crazygringo 2y agoDecisions are still taken, and we call the people who can affect decisions the owners. That's what ownership is -- it's literally power to make or affect decisions. It doesn't matter if it's a DAO. If everyone's input affects the decision equally then they have equal ownership. If some people's input affect decisions more others, their ownership is greater.