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Shouldn't this cause shareholders to sell shares in these companies?
by nine_zeros 2y ago
Shouldn't this cause shareholders to sell shares in these companies?
- JumpCrisscross 2y ago> Shouldn't this cause shareholders to sell shares in these companies? I don’t think there is a clear argument for that. Not yet. Maybe protecting shareholder rights drives shareholder value. Maybe tiny monarchs make them richer.
- TheOtherHobbes 2y agoTesla's and Twitter's sales trajectories suggests otherwise. So does the billions wasted on the Metaverse. If you want technological and social progress, letting a handful of thin-skinned petulant boy kings run around having mad ideas without oversight isn't the direction you want to go in.
- JumpCrisscross 2y agoThe alternative hypothesis is Musk and Mark will have a lot of influence in Austin. That might let them transfer value from Texas’s taxpayers to their companies. Again, I don’t think this is a simple analysis.
- nullc 2y agoI suspect you're getting fooled by terminology. When you see "rules protecting shareholder rights" when you should be reading in this context is "rules inviting massive lawsuits from plaintiff attornies nominally representing super minority shareholders against the express will of the supermajority of shareholders and causing significant legal expenses to companies (and thus their shareholders)". With that re-framing perhaps its more clear why savvy shareholders are not very interested in this form of "shareholder rights".