Comment on Top 20 CEO pay in the S&P 500 is disgusting
Shadywack@lemmy.world 9 months agoWhat shareholders want isn’t what the customers want, what shareholders want isn’t what personnel want, what shareholders want isn’t what the public wants either.
The shareholders want to fuck the customer, they want to fuck the employees, and they want to fuck the business itself. Fuck the shareholders. They didn’t make the business successful, they didn’t have the vision that created the value in the first place, they’re leeches that ruin the business for short sighted goals.
Fuck the shareholders, and fuck the executives.
krey@sh.itjust.works 9 months ago
there are different kinds of shareholders. some may even be the customers or employees themselves. for example, since a few months i’m watching the stock price of the manufacturer of my favorite laundry detergent for a dip, because no way this stays down it’s just too good and they also pay dividends. i’m gonna buy 2 shares if it dips a bit more, but it’s too expensive right now.
Shadywack@lemmy.world 9 months ago
I realize that many people’s retirements are tied up in stocks as well. That doesn’t make us “shareholders”. Without voting rights or a say, we’re not really vested in the same manner executives are. When our 401k’s go off to a fund manager that makes the decisions for us, we’re not really “in the game” as it were. Ideally a company’s stock price should be tied to the health of the company, instead what we have are artificial prices inflated by mechanisms such as stock buybacks or the stock price is speculative.
Either way, it’s a shit show for us (you know, regular people) and only great for the 1%'ers. I think tying up retirements like we have been is a mistake, look at the many examples of people who lost their retirement assets due to MCI Worldcom, Enron, and Madoff.
It’s a joke.
krey@sh.itjust.works 9 months ago
i don’t have many stocks, but i had the chance to vote 2 times this year, but i didn’t go, because i only go when they have free food 😅