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Comment on If A.I. is so fast and efficient, and CEOs are paid so much, why not replace CEOs with A.I.?

But they’re controlled by shareholders and why do shareholders want individual nut jobs running a company when and AI can do it. Not saying we’re any where close to AI that can do this. But the idea is neat. CEO of these publicly traded companies seems like the first job that should be axed.

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jjjalljs@ttrpg.network ⁨1⁩ ⁨day⁩ ago
I assume rich people often keep enough shares to control who sits on the board, and thus who is the CEO. There’s a lot of people sitting on multiple boards, folks know each other, blah blah blah.

Also many shareholders aren’t really involved. I don’t even know how it works if you own shares through Vanguard or something. I’ve never been asked to vote on company policy.

From what I’ve seen in start-up land, leadership is a lot of in-group bro times. It’s all gut feel. Shouldn’t expect rational, honest, decisions from them.

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- anarcho_vroom@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago
  You should be getting letters or emails about upcoming shareholder meetings and proxy votes. If not, that’s a problem.
  
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  - jjjalljs@ttrpg.network ⁨1⁩ ⁨day⁩ ago
    Apparently Vanguard has a whole proxy voting system that I left on the defaults!
    
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vairse@lemmy.world ⁨1⁩ ⁨day⁩ ago
Chances are the shareholders with enough power to sway things are… Other CEOs though

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- blargh513@sh.itjust.works ⁨6⁩ ⁨hours⁩ ago
  They all sit on each others boards.
  
  However it just takes a few activist board members who have big time fomo and want to be early in with a virtual CEO.
  
  I’m sure I will be put out to pasture first, but at least I will be laughing from my cardboard box.
  
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- Melvin_Ferd@lemmy.world ⁨19⁩ ⁨hours⁩ ago
  I would be an for new regulation that changed that. In order to go public you cannot have a majority shareholder. I won’t pretend I know what I’m talking about. But my gut says if you’re going public you wish your business to grow to a point that it’ll have large impacts to a good chunk of people and so there should be more democratic decision making in places including adding people local to these businesses in as stake holders.
  
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not_IO@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago
there is no rationale to capitalism, it’s more like a heist

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- Melvin_Ferd@lemmy.world ⁨1⁩ ⁨day⁩ ago
  It’s one of the most rationale things there is
  
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