FenrirIII@lemmy.world to Work Reform@lemmy.world · 4 days agounnecessary expenselemmy.blahaj.zoneexternal-linkmessage-square27fedilinkarrow-up11arrow-down10file-textcross-posted to: [email protected][email protected]
arrow-up11arrow-down1external-linkunnecessary expenselemmy.blahaj.zoneFenrirIII@lemmy.world to Work Reform@lemmy.world · 4 days agomessage-square27fedilinkfile-textcross-posted to: [email protected][email protected]
minus-squaredragontamer@lemmy.worldlinkfedilinkEnglisharrow-up0·3 days agoThe board of directors is doing so. And they do so because the board follows the will of the shareholders. And the shareholders ultimately decide the fate of companies. But that won’t fit in a simple meme will it?
minus-squarePyroNeurosis@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up0·3 days agoThe goal of the shareholders is to pay huge sums to the C-suite? That seems at odds with maximizing dividends for themselves.
minus-squaredragontamer@lemmy.worldlinkfedilinkEnglisharrow-up0·edit-23 days agoBecause today’s hero worship culture makes the mass of shareholders believe that these CEOs have skills that cannot be replicated by cheaper labor. But that’s not quite as simple a problem. The issue is that you are up against literally millions of shareholders who have different values than you.
The board of directors is doing so. And they do so because the board follows the will of the shareholders. And the shareholders ultimately decide the fate of companies.
But that won’t fit in a simple meme will it?
The goal of the shareholders is to pay huge sums to the C-suite? That seems at odds with maximizing dividends for themselves.
Because today’s hero worship culture makes the mass of shareholders believe that these CEOs have skills that cannot be replicated by cheaper labor.
But that’s not quite as simple a problem. The issue is that you are up against literally millions of shareholders who have different values than you.