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coderatlarge
6 months ago
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Every company should be owned by its employees
What are some corporate votes that you feel wider employee ownership would have improved?
stavros
6 months ago
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Laying off 10% of the workforce because the company isn't growing fast enough and then giving the CEO a bigger bonus.
coderatlarge
6 months ago
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Was that actually put to a shareholder vote though?
psd1
6 months ago
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Lindy Fiorentina fucking up HP. Boeing all over. I'd hope to see employee-owners counteract short-termism
myroon5
6 months ago
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https://en.wikipedia.org/wiki/Carly_Fiorina
?
psd1
6 months ago
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root
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Oops. Thank you.
coderatlarge
6 months ago
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As I’m saying to Stavros above, I think many of these decisions don’t get put to a shareholder vote. The voting mechanism is generally extremely coarse afaik.
psd1
6 months ago
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Right, the outcome is not guaranteed. But the possibility of a confidence vote might surface in a psycho CEO's brain from time to time.
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