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Not really. This is one of the things Google got right; organize your company so founders have a controlling interest and it doesn't matter fundamentally what t
by shadowgovt 10mo ago
Not really. This is one of the things Google got right; organize your company so founders have a controlling interest and it doesn't matter fundamentally what the investors think, they can't steer the company.
At best, they are trading baseball cards with your corporate logo on them.
- pfdietz 10mo ago> At best, they are trading baseball cards with your corporate logo on them. Those baseball cards also come with some rights. The people running the company have a fiduciary responsibility to them. They cannot, for example, use the company as a piggybank.
- shadowgovt 10mo agoBut especially in the case of Google, those rights do not extend to setting the values, direction, or priorities of the company. Nobody outside of the founders has enough of a controlling stake for that to be practically possible.
- p0w3n3d 10mo agoI'm speaking about ESG which became somehow mandatory for investors at some point of time. Not mandatory in legal, but cultural sense