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?
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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.