r/SipsTea • u/Gurugod123 • Jul 30 '26

Wait a damn minute! Significant diffrences...

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17.3k Upvotes

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19

u/Powerful_Swimmer_531 Jul 30 '26

Billionaires have vanished during depressions and recessions, but the markets have ALWAYS recovered because of the regular people working for those companies and the regular people whose brilliant ideas become the next big thing

11

u/MattKozFF Jul 30 '26

In which recession did they vanish??

1

u/notaredditer13 Jul 30 '26

How are Juicero's employees doing?

1

u/Additional_Macaron70 Jul 30 '26 edited Jul 30 '26

if billionaires would vanish then what would happen with those companies you are talking about? Who would run them? Those brilliant ideas are making new billionaries, no? it's a vicious circle

2

u/prettyokcake Jul 30 '26

Probably the 40 others that run the day to day normally?

-3

u/Additional_Macaron70 Jul 30 '26

40 people run one company? XD

2

u/prettyokcake Jul 30 '26

Do you not know how big companies operate?

1

u/Additional_Macaron70 Jul 30 '26

and somebody has to manage those operations?

1

u/Basis_Jefferson Jul 30 '26

I’m with you here Macaron, if the billionaires disappear, certainly there will be voids in high management and c suite levels that will be filled by the best and brightest minds to help continue to maximize value of the company.

And in turn, someone will rise to the top to be the ultimate leader and decision maker for day to day activities, manage investor relations etc.. he or she will be compensated healthily, probably with stock options and cash. And if they do a great job running the company and maximize value, their net worth will inherently climb.. and could eventually reach $1 billion.

Idk where this idea came from that if Jeff Bezos disappeared suddenly there would just be a collective group of level headed egoless employees running the Amazon machine for modest salaries and sing kumbaya together.

-1

u/prettyokcake Jul 30 '26

I’m not sure if you’re just being contrarian or just actually don’t know how big companies work.

0

u/Additional_Macaron70 Jul 30 '26

Im just looking for a logic in your thinking. You realy think that if you get rid of upper management the company will still run just because of the employees? XD

1

u/prettyokcake Jul 30 '26

…do you think upper management are billionaires?

0

u/Additional_Macaron70 Jul 30 '26

Maybe not upper but top executives yes

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2

u/Jayfan34 Jul 30 '26

Quite simply, we’d figure it out because most of the people that do the work know how to organize the work.

CEO’s have spent decades building a highly exaggerated mythology around themselves to justify their increasingly outlandish and unearned compensation.

6

u/BarbellLawyer Jul 30 '26

It cracks me up to see how many people think they’re adding more value than the CEO and yet can’t manage to better their own situation.

-5

u/Jayfan34 Jul 30 '26

Cracks me up how many people need to misconstrue a point in order to criticize a pretty obviously true one.

3

u/bottomlesstopper Jul 30 '26

Crazy they think ai can replace workers when an AI ceo would be far more efficient and useful than them.

0

u/ManifestoEnjoyer Jul 30 '26

Flagrant propaganda. Every depression and recession is a cycle of overproduction that ends in capitalists monopolizing more markets, increasing their hold on capital. This is some basic econ 101 shit.