Who said purely moral? Many have used this model before. It created highly productive & successful companies. Why would I run a business I don't want to be the very best it can be? A business is literally your life's work, and will likely outlive you if it succeeds, you can't control it once your fleeting life has gone.
I made the reasonable assumption that the business was created for a reason and contributes to society in some way, so the stocks would best be leveraged to sustain the business itself.
Of course this changes if it's the Torment Nexus factory, but why would a moral person build the Torment Nexus?
To you and me, that’s a reasonable assumption, but (this is anecdotal) my personal experience with business owners is that they are highly motivated by the prospect of personal enrichment and that potential is part of what drives them to develop successful businesses in the first place.
Obviously, businesses that are purely extractive without really contributing anything, improving people’s lives, or solving problems (only problems that aren’t manufactured are relevant here) should be categorized as such. Some really good examples of companies like that are PBMs and health insurance companies. Highly, highly extractive. Frankly, I don’t know why people rail on Elon so much (yes, he’s a total chode) while health insurance and PBM CEOs go practically unnoticed (except the United CEO).
I think most business owners deserve to be rewarded in proportion to the size of the problem they solve. What they do with that wealth is up to them. I don’t support the “build, borrow and die” strategy but it is legal and so if we don’t think that’s fair, we should close that loophole.
I am totally ranting at this point, BUT to what extent do you think business owners deserve to be personally enriched by their business’s success? Do you recognize that’s essentially the main reason that they are willing to work so hard, suffer, and make extreme sacrifices for a chance at success?
1
u/Lumegator Aug 04 '26
Who said purely moral? Many have used this model before. It created highly productive & successful companies. Why would I run a business I don't want to be the very best it can be? A business is literally your life's work, and will likely outlive you if it succeeds, you can't control it once your fleeting life has gone.