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Shareholders do not provide value, workers do. After he retired, Steve Ballmer did not provide $110B of value to Microsoft customers, but he received that wealt
by anonymous_user9 1y ago
Shareholders do not provide value, workers do. After he retired, Steve Ballmer did not provide $110B of value to Microsoft customers, but he received that wealth anyway.
- missedthecue 1y agoThere is absolutely value in providing risk capital. That's literally the lifeblood of commercial innovation.
- steve1977 1y agoBut this only happens when stock is initially offered. Not when it’s traded afterwards.
- DoesntMatter22 1y agoThat is completely untrue. Companies frequently own their own stock, and issue more when the price is high it continues to be quite valuable to the company
- steve1977 1y agoThey can buy back shares and keep them in treasury, that's correct. But they need cash to buy them back first and it only actually results in a positive flow of money if they are able to sell it at a profit later. And when they issue more, then this initial offering again (of new stock).
- DoesntMatter22 1y agoWe are responding to somebody who said the shareholders do not provide value. Which is just obviously incorrect