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Do I really own Intel/Tesla/Microsoft by buying their stock? No I don't. I can't influence anything on any of these companies unless I was already a billionair
by Draiken 2y ago
Do I really own Intel/Tesla/Microsoft by buying their stock? No I don't.
I can't influence anything on any of these companies unless I was already a billionaire with a real seat at the table.
Even on startups where, in theory, employees have some skin in the game, it's not really how it works is it? You still can't influence almost anything and you're susceptible to all the bad decisions the founders will make to appease investors.
Call me crazy but to say I own something, I have to at least be able to control some of it. Otherwise it's wishful thinking.
- deleted 2y ago[deleted]
- jjmarr 2y agoYou can pretty easily submit shareholder proposals for trolling purposes or ask questions. Other investors will probably vote "no" to your proposals, but for many companies you can force a vote for a pretty low minimum. In Canada, you're legally entitled to submit a proposal if you've owned C$2000 shares for 6 months. https://www.osler.com/en/insights/updates/when-can-a-company-refuse-a-shareholder-proposal/ https://www.osler.com/en/insights/updates/when-can-a-company...