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The power of the street powers tech. All of the largest tech IPOs in recent memory were organized by investment firms such as Goldman Sachs and Morgan Stanley.
by debt 13y ago
The power of the street powers tech. All of the largest tech IPOs in recent memory were organized by investment firms such as Goldman Sachs and Morgan Stanley. Basically, tech in it's current iteration wouldn't exist without the street and well-structured IPOs.
Not saying I like it, just saying it's reality.
Also, Carl Icahn introduces the idea corporate democracy which is a good thing considering how much influence corporations have over our lives. The idea that at least one person can affect the outcomes of a large company like ebay perhaps shows other large firms they have the same potential.
I imagine a future where there are kickstarter-like shell entities which acquire large shares of important corporations and where backers can all vote where Exxon chooses to drill next or which companies Google should be acquiring(obviously GOOG is a bad example because they've been doing so well but hopefully you get the idea).
I know this is the basic idea behind holding shares, but perhaps the voting power can be more evenly distributing in these shell entities. In the current structure one share doesn't get you much voting power in a corporation.
- argumentum 13y ago> Basically, tech in it's current iteration wouldn't exist without the street and well-structured IPOs. Are you suggesting that Facebook/Google had no value prior to their IPOs? Their public market cap is merely a reflection of the value they already provide to society. Constitutional democracy is the least worst way to preserve individual liberty. It's not a good way to run a private corporation.