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You don’t even have to read the article. There is no such thing as a CEO held accountable. Just look at Elon’s insane pay package, approved in a landslide. The
by dangus 1y ago
You don’t even have to read the article. There is no such thing as a CEO held accountable.
Just look at Elon’s insane pay package, approved in a landslide. The skulls of the average shareholder must echo like a cave.
And the rich accuse the poor of their poverty being their own fault, because they are just being irresponsible, making bad decisions, and spending unwisely. They should look in the mirror.
- bigstrat2003 1y agoYeah, a CEO being "held accountable" looks like "we will pay you enormous sums of money to leave the company". Just once I would like to see the CEO of some big corp face actual consequences for running the company badly, but I'm not holding my breath.
- the__alchemist 1y agoAre you sure you can't think of any examples?
- 0_____0 1y agoMay I introduce you to the Enron scandal? https://en.wikipedia.org/wiki/Jeffrey_Skilling https://en.wikipedia.org/wiki/Jeffrey_Skilling
- dangus 1y agoCan you imagine such a punishment occurring under the current administration? https://www.bbc.com/news/articles/cn7ek63e5xyo https://www.bbc.com/news/articles/cn7ek63e5xyo One reason of many why I say that the CEO class is no longer accountable for anything. Laws do not exist for them.
- dylan604 1y agoSBF was convicted and sentenced to 25 years.
- coliveira 1y agoInvestors in companies such as Tesla are adept of the greater fool theory. As long as somebody else will pay more for the useless shares, they'll continue to support the company.
- riku_iki 1y agoCEOs who fraud superrich totally go to jail.
- dvt 1y ago[flagged]
- phelddagrif 1y agoyes yes my favorite objective the measure of intelligence: earnings yield
- dvt 1y agoIf you're a trader, isn't the whole idea maximizing your earnings yield? My point was that gp called these people stupid, but the numbers show they're smart.
- oakejp12 1y agoDoesn’t seem pretty boring and unreasonable to me to hate a Nazi and who’s contributing to building a mechahilter. At least, these were previously American values to hate these people.
- dangus 1y agoOh you have mistaken me greatly. This isn’t a liberal/conservative thing. This is a class conflict thing. The rich are stupid, just like everyone else. That in itself goes against the narrative that has been woven in our corporate mass media, the accepted narrative that makes it seem as though the rich are meritous and deserve to hoard wealth. This illusion is why CEOs will never be held accountable for their actions. Shareholders are part of the pyramid scheme feeding everyone on the very top. Failures of the visionary founder CEO are like failures of Kim Jong Un: certainly not their fault! Your undying support as a shareholder is required to right the ship. Your lack of faith is what caused the failure in the first place. Of course I haven’t out-earned them, I don’t have an army of accountants and lawyers working due me to dodge taxes and avoid complying with laws, access to private equity investment, insider trading knowledge, and all of my income is W2, so my tax rate is about 4x higher than any billionaire.
- stackghost 1y ago>this weird irrational hatred He's a literal Nazi who gave the sieg heil salute on national television. It's not irrational for people to think he's a bad person.
- bgwalter 1y agoThe alternative interpretation of the approval of Musk's pay package is that the stakeholders know the goals are unrealistic, but they want to keep the hype going in order to exit quietly. The Optimus narrative is so obviously a fraud. The things can "dance" and play chess, but they cannot operate in dirt, scrub the kitchen, etc. Even if they succeed, BYD will build a $7000 Optimus. Intimidation of crowds and barking orders at humans (for example for the human to clean the kitchen floor) seem the only somewhat realistic goals.
- rhetocj23 1y ago[dead]