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The best business model for the economy, hands down. Replace stock buy backs with EOCs employ owned businesses (Original Post) multigraincracker Oct 19 OP
I think employees should own a piece of every company & have at least one seat on the board. CrispyQ Oct 19 #1
Believe it not, stock ownership is supposed to be democratic bucolic_frolic Oct 19 #2
Board members. What a cush position. CrispyQ Oct 19 #3
Yep, it sure is. Hugin Oct 20 #4

CrispyQ

(38,238 posts)
1. I think employees should own a piece of every company & have at least one seat on the board.
Sat Oct 19, 2024, 10:00 AM
Oct 19

Corporations need to be accountable to their stakeholders, possibly even more so than their shareholders. Our system is so rigged for the rich it's obscene.

bucolic_frolic

(46,970 posts)
2. Believe it not, stock ownership is supposed to be democratic
Sat Oct 19, 2024, 10:25 AM
Oct 19

Shareholders get to vote every year on the Board of Directors, C-Suite level personnel, and sometimes on special proposals.

In reality, the shares are mostly owner by vulture mutual funds who rubber stamp the Board's proposals.

It is rare, rare, rare for a proposal by the Board to be voted down, and almost can't be done without the support of a major shareholder, who usually is trying for a seat on the Board to increase vulture capitalism.

CrispyQ

(38,238 posts)
3. Board members. What a cush position.
Sat Oct 19, 2024, 01:14 PM
Oct 19

At least at the companies where I worked. One company paid their board members $20-30K a meeting (teleconference) & $5-7K more if it was held at corporate or some other location, & of course, all expenses paid by the company. There was a meeting every quarter. Oh, & stock options.

Other companies were similar & these were not huge companies.

Hugin

(34,565 posts)
4. Yep, it sure is.
Sun Oct 20, 2024, 09:18 AM
Oct 20

My own personal entry in the devil’s ledger of nefarious deeds right under convincing people that he doesn’t exist is making a wide spread belief that owning stock in a PUBLICLY traded company is somehow evil.

Of course, he’s had lots of help from the financial gurus who try to portray it as much too complicated for us simple folk.

My latest example is how Musk’s attempts at fiscal dictatorship have been thwarted by a dude who owns a few stocks.

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