General Discussion

Lonestarblue

(13,487 posts)

3. Corporations today are run solely for the benefit of CEO bonuses and shareholder wealth.

Tue Oct 29, 2024, 09:10 AM

Oct 2024

A few decades ago when I was getting my MBA, the philosophy was that corporations had three constituents to satisfy—their customers, their employees, and their shareholders. That changed some years ago to the philosophy that corporations owe nothing to anyone but their shareholders, which I believe is wrong and leads to the kind of monopolistic and predatory corporations that we see now trying to get Trump elected because they know he will stop all financial and environmental regulations and basically not care how they treat their workers.

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Board members at major companies forcibly replaced by billionaire hedge funds - fascist groundwork or shock doctrine? [View all] lostnfound Oct 2024 OP

Undoubtedly. 2naSalit Oct 2024 #1

Ultimately the working class pays the price jmbar2 Oct 2024 #2

Corporations today are run solely for the benefit of CEO bonuses and shareholder wealth. Lonestarblue Oct 2024 #3

The multinationals take good care of upper tier execs soandso Oct 2024 #36

This phenomenon and private equity... WestMichRad Oct 2024 #4

We are already there Dave says Oct 2024 #32

This is super important. I'm aware of what is happening. harumph Oct 2024 #5

No matter what happens on election day Nittersing Oct 2024 #6

Stop giving them your money. onecaliberal Oct 2024 #7

How do I stop "giving money" to activist investors? Nittersing Oct 2024 #9

It takes research and micro shopping locally small at all times. onecaliberal Oct 2024 #11

That's simply not reasonable to demand of 300M people Orrex Oct 2024 #18

Then you will get what you've always got. Work for the man, onecaliberal Oct 2024 #22

So will you. The difference is that I don't fool myself about it. Orrex Oct 2024 #27

If you bothered to read my comment, I'm not fooling anything. onecaliberal Oct 2024 #28

Exactly. That's the part where you're fooling yourself. Orrex Oct 2024 #29

Message auto-removed Name removed Oct 2024 #30

What topping do you want on your pizza today? sheshe2 Oct 2024 #31

I miss all the fun stuff. Orrex Oct 2024 #33

That wont be an option once they own most rentals, utilities, grocers...its a snowball that's growing lostnfound Oct 2024 #25

They don't now. But people are not able to go through the slightest inconvenience to make everything better. onecaliberal Oct 2024 #26

My financial advisor committed me to a privately held REIT. These are nothing more than in2herbs Oct 2024 #8

sounds like what they did to greyhound. mopinko Oct 2024 #10

We have to claw the public services back. onecaliberal Oct 2024 #12

i'd love to see the city buy it and make it a true welcome center. mopinko Oct 2024 #17

I called my California Assembly rep yesterday and alerted a staff member on the peril of this ... Auggie Oct 2024 #13

There was a documentary about this in the '90s wysimdnwyg Oct 2024 #14

Thank you for this important post Wild blueberry Oct 2024 #15

This is one reason I come to DU.Thank you! BattleRow Oct 2024 #16

The United States of Dystopia sarchasm Oct 2024 #19

E Pluribus Unum...or as Ben Franklin wisely said - haele Oct 2024 #34

This message was self-deleted by its author jfz9580m Oct 2024 #20

Major media will be running with this story any minute now! dchill Oct 2024 #21

This isn't anything new soandso Oct 2024 #37

I think getting rid of Citizens United would be a perfect place to start. japple Oct 2024 #23

THIS soandso Oct 2024 #38

This is important and chilling. druidity33 Oct 2024 #24

IMHO, The USA has turned into an oligarchy. n/t Jacson6 Oct 2024 #35

k&r n/t area51 Oct 2024 #39