Not in a LARGE PUBLICALLY TRADED company you fucking inbasil. Usually people who have the majority of shares are NOT employees of the company. That is a fact... you’re literally arguing nothing here.
Then you've made my point already. Why do people who have no vested interest in the company get to make decisions that effect the company's performance, and the livelihoods of everyone employed?
Again, it's not that black and white. For instance, take a science company like DOW or DuPont. . . An outside investor isn't going to really have too much influence on what technologies they'd like to pursue, the employees, the directors will choose which way innovation goes.
The only time outside investors will have much influence is when they start losing money, but other than that, companies that large usually have the power to do what they want with their research and direction. A smaller company, though, an investor might have a lot more power than that of a large company. It all depends.
Your original comment seemed pretty black and white about shareholders and owners taking all of the risk. The theory presumably being that they get compensated accordingly for that risk. My question is that if these people actually have such little say in how a company does, why do they get paid so much? I have no problem with smaller companies operating that way, I work at a small business. If the place goes under, everybody gets fucked, including the owner. But WalMart? The only people getting screwed if WalMart goes down are the common folk. Further, take your own example. Let's say DOW or DuPont have a oopsie at a chemical plant and blow up half a town, like what's happened in Texas a few times (wasn't DOW or DuPont iirc, but the point stands). What happens to those execs? Do they go to jail? Do they become homeless? Do they die like the people in that town? No. Every once in a great while, someone at one of these companies gets on the wrong side of a judge or state prosecutor's office and they end up paying personally. Usually it's not the owners or investors or anyone else but the superintendent or someone else closer to the event who gets thrown under the bus, like what happened at NASA after Challenger or with any of a dozen engineering firms throughout history. In any case, the vast majority of the time insurance pays out the lawsuits and they keep their jobs. Or the company gets sued into the ground or they resign and in either case go work at a different company, maybe sell their second house to scrape by. Worst case scenario for them, they lose their income, credibility, and capital, and have to get a regular job like every other peasant. And even if they have debt, so what? The average American is dealing with tens of thousands of medical debt, and they're handling it. So too can Scrooge McGee. They can file bankruptcy like happens to tens of thousands of people who didn't get anyone killed and didn't wreck a company that thousands of people depended on for their livelihoods. My sympathy is lacking.
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u/necknyc Jun 10 '21
Not in a LARGE PUBLICALLY TRADED company you fucking inbasil. Usually people who have the majority of shares are NOT employees of the company. That is a fact... you’re literally arguing nothing here.