Everyone has forgotten that corporations exist for the financial benefit of their shareholders.https://twitter.com/azure_vox/status/1001535061194309637 …
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Replying to @HbdNrx
any organization works first and foremost for the benefit of the people running that organization regardless of who is footing the bill or what the stated goals of the organization are (this is a paraphrase of a quote I forgot)
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Replying to @konshtok
This is why we need to be a lot stricter about shareholder interests. Put teeth back in corporate law.
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Replying to @HbdNrx
you are not their nanny if enough shareholders care they have the legal means to do something "There ought to be a law" is a prog slogan
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Replying to @konshtok
Minority shareholders are easy to take advantage of (case in point). Getting a majority together in any publicly traded corporation is quite difficult. Yes, occasionally companies are taken private for this reason, and yes you can just tell minority shareholders to sell
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But it really does bother me that we have these corporations that are supposedly set up for the benefit of their shareholders when in fact they aren't. Let's at least stop pushing stock ownership for this reason
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(And in general shareholders have no real legal means aside from gaining majority ownership, which I assume is what you're referring to)
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