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Re:Companies Shouldn’t Be Accountable Only to Shareholders by subway on Wednesday August 15, 2018 @10:41AM (#17766337)
> Whenever I see posts or leftist commentary saying the stock market only benefits the ultra-rich and wealthy CEOs

Nobody has said anything of the sort here.

Re:Companies Shouldn’t Be Accountable Only to Shareholders by castlecrasher2 on Wednesday August 15, 2018 @10:47AM (#17766403)
The article practically opened with it. Did you read it?
Re:Companies Shouldn’t Be Accountable Only to Shareholders by subway on Wednesday August 15, 2018 @10:59AM (#17766500)
Yeah. Twice now, just to make sure I wasn't missing something.

Nowhere is it even remotely implied that the market only benefits the ultra-rich and CEOs.

Re:Companies Shouldn’t Be Accountable Only to Shareholders by mrep on Wednesday August 15, 2018 @11:03AM (#17766540)
Fifth paragraph (and nodesocket said "rich to stay rich", not just ultra-rich and ceos):

Because the wealthiest 10% of U.S. households own 84% of American-held shares, the obsession with maximizing shareholder returns effectively means America’s biggest companies have dedicated themselves to making the rich even richer.

Re:Companies Shouldn’t Be Accountable Only to Shareholders by subway on Wednesday August 15, 2018 @11:10AM (#17766608)
That statement is pointing out the existence of a feedback loop in need of dampening. It's not saying the market needs to go away, or that it only benefits a minority.

To imply it's a cry that the game was designed to be rigged is a straw-man.

Re:Companies Shouldn’t Be Accountable Only to Shareholders by castlecrasher2 on Wednesday August 15, 2018 @11:10AM (#17766609)
Got it, so you're one of those "nowhere does it state precisely what I've typed, so you're wrong. Ignore the statement that is essentially saying the same thing" literalists.
Re:Companies Shouldn’t Be Accountable Only to Shareholders by dang on Wednesday August 15, 2018 @02:45PM (#17768616)
Please don't stoop to personal attack, even when another comment is annoying.

https://news.ycombinator.com/newsguidelines.html

Edit: you've posted uncivilly elsewhere too, e.g. https://news.ycombinator.com/item?id=17766899. That's not allowed here, and we eventually ban accounts that do it. If you'd review the guidelines and post civilly and substantively only from now on, we'd appreciate it.