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.
Nobody has said anything of the sort here.