Comment on Poignant post on the state of things

• Cryophilia@lemmy.world ⁨4⁩ ⁨months⁩ ago

  So a company whose ownership is open to the public, with that ownership divided into “shares”. And all the “share” holders can cooperate to decide the direction of the company…what would one call this novel form of organizing a venture…a “cooperation”?

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  • TengoDosVacas@lemmy.world ⁨4⁩ ⁨months⁩ ago

    Not open to the public. Open to those who actually contribute to it’s operations.

    And in none of your objections can you justify the CEO pay and the political power they weild. 40x the lowest paid worker, and no more.

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    • Cryophilia@lemmy.world ⁨4⁩ ⁨months⁩ ago

      Ok so. Shares of ownership are open only to employees. How does this company get external investment? I suppose outside entities are allowed to invest with an expectation of a return on investment?

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      • TengoDosVacas@lemmy.world ⁨4⁩ ⁨months⁩ ago

        Stock is used to raise money for investment. When that investment has been covered and profit acheived, the stock should immediately drop in value or be bought back AS OPPOSED to being used for government manipulation and golden parachutes for CEOs who did very little work in making the company successful. If the CEO fails, the company fails. Paying multiple millions to CEOs who were not involved in the building of the company but were only brought in after the company failed is a gross misappropriation of shareholder funds. The new guy should get a salary of not more than 40 times what the lowest employee gets and then get stock options only after the stock and the company has been saved.

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  • Tankton@lemm.ee ⁨4⁩ ⁨months⁩ ago

    Fcking lol

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  • TengoDosVacas@lemmy.world ⁨4⁩ ⁨months⁩ ago

    And also, btw: abolish corporations.

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    • Cryophilia@lemmy.world ⁨4⁩ ⁨months⁩ ago

      Leftist version of “I hate Obamacare, but don’t touch my ACA!” rofl

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      • TengoDosVacas@lemmy.world ⁨4⁩ ⁨months⁩ ago

        My question to you then would be why would you continue to defend an entity that is controlling your government but is entirely immune of any consequences and answerable to no one?

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  • TengoDosVacas@lemmy.world ⁨4⁩ ⁨months⁩ ago

    Do you think shareholders want their money going to extravagent buildings, Italian desks, and billions in hoarded cash?

    Your view of “shareholders” is that they are just cash cows to be milked and not financial participants. As a shareholder I gained fourteen cents this year; how much did the CEO gain?

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  • Cowbee@lemmy.ml ⁨4⁩ ⁨months⁩ ago

    Only open to the Workers, not the public, and it’s a Worker Co-operative. An existing Socialist organizational structure, not new.

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