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> A business only exists for the benefit of its owners And a business only exists because of its workers. Is every worker contributing equally to the business’
by sgarland 2y ago
> A business only exists for the benefit of its owners
And a business only exists because of its workers. Is every worker contributing equally to the business’ success? Of course not. Would the business exist if not for the founder? Again, of course not – and I am fully in favor of founders taking as much of their profits as they’d like, with the understanding that they may have to explain their actions to their employees.
I am not in favor of non-founder executives getting absurd multipliers on TCO. You’re just an employee, like everyone else. Why should you have a 200% bonus target, when the team building the product might have 1/10th of that?
Buybacks are incredibly stupid, and should not be allowed in nearly all circumstances. They exist because Wall St. focuses entirely on short-term profits.