Why? So they can make the bad decisions in secret?
Comment on Boeing: Last Week Tonight
Wahots@pawb.social 10 months ago
They need to become a private company again. And fire the Douglas team.
Buffalox@lemmy.world 10 months ago
frezik@midwest.social 10 months ago
There’s a bit of meme that private companies make better decisions because they don’t have the silly pressures that the stock market puts on companies. Valve is usually the prime example.
It’s not completely wrong, but needs to be more carefully considered. Being private makes it possible to make better decisions due to lack of stock market pressures. Whether companies actually do or not needs to be considered on a case by case basis. There are plenty of private companies that are still run by shitbags.
Buffalox@lemmy.world 10 months ago
I know and disgree, imagine Elon Musk being CEO of Valve instead of gaven, the counter example being Twitter, Which Musk is running as a private company. IMO this idea that private companies are better is a giant falsehood and akin to an urban legend.
AngryCommieKender@lemmy.world 10 months ago
Nah, since they’re in the “too big to fail” category, nationalize them. Achieves the same outcome of removing the shareholders and board, without pouring money into a rich douchebag’s pocket
assassin_aragorn@lemmy.world 10 months ago
It’s a very natural way to identify which industries and companies should be nationalized. If it’s too big to fail, it’s too important to be privately (or publicly by investors) owned.
Solemn@lemmy.dbzer0.com 10 months ago
I don’t know that the second part would succeed. I feel like it’d end up with the same contractor structure, but now the contractors are whoever’s company bought the right senators.