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A comment on Ikea founder leaves fortune to no one, structures it to ensure it lasts forever. Parent comment

Re:Ikea founder leaves fortune to no one, structures it to e... by dumbfounder on Friday February 02, 2018 @12:50PM (#16292494)
It is not obviously stupid that labor running the company is a bad thing. I think it is a bad thing in most cases, but I can understand the debate.

What IS stupid is thinking that companies will stick around while their control gets transferred away (from those controlling it). If a company wants to transfer control to its employees, it will do that. If a company doesn't (almost all of them) it will leave. That seems pretty darn obvious to me.

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Re:Ikea founder leaves fortune to no one, structures it to e... by vec on Friday February 02, 2018 @01:57PM (#16293193)
But didn't they already voluntarily transfer control away by issuing stock? Isn't that what stock is?

The CEO doesn't own a publicly traded company, the shareholders do. And if they don't think a sale is a good idea they can just not sell their shares at the offered stock price.

I'm being a bit intentionally naive, but I don't understand who the "they" is that is supposed to have a valid worry about losing control.

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