Companies Shouldn’t Be Accountable Only to Shareholders

Re:Companies Shouldn’t Be Accountable Only to Shareholders by chatmasta on Wednesday August 15, 2018 @12:20PM (#17767231)

I wasn’t implying that workers are incapable of judging who the best candidate for a director level job is. Rather, I was suggesting that they do not have the information necessary to make a defensible decision. Therefore, like all elections, the process is reduced to popularity contest where employees could just as easily vote for a candidate who is detrimental to their interests without even realizing it.

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Re:Companies Shouldn’t Be Accountable Only to Shareholders by dragonwriter on Wednesday August 15, 2018 @12:25PM (#17767259)

I dont see how that is any less true of the mass of public stockholders. (Or, he citizens of a democratic state.)

Yes, people with voting power can make mistaken decisions that are contrary to their interests. Giving all of the voting power to people whose interests are systematically and fundamentally in conflict with the group at issue on many points does not, however, reduce the likelihood of adverse decisions being imposed on them.

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Re:Companies Shouldn’t Be Accountable Only to Shareholders by chatmasta on Wednesday August 15, 2018 @12:30PM (#17767305)

One difference is that you can always quit the company you work for (which you voluntarily joined in the first place); it’s not so easy to leave your country, nor did you have any choice in where you were born.

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Re:Companies Shouldn’t Be Accountable Only to Shareholders by kerbalspacepro on Wednesday August 15, 2018 @01:11PM (#17767752)

Quitting a company that pays for your insurance, and likely deeply embedded itself in your social life, isn't "easy".

Acting like the corporate-employee relationship is the same as between, say, a uber-driver and an uber-passenger is ridiculous but it seems to me your model of employment.

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Re:Companies Shouldn’t Be Accountable Only to Shareholders by vonmoltke on Wednesday August 15, 2018 @07:23PM (#17770606)

> and likely deeply embedded itself in your social life

No company has ever had anything to do with my social life, and no company ever will.

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Re:Companies Shouldn’t Be Accountable Only to Shareholders by kerbalspacepro on Friday August 17, 2018 @11:23AM (#17783505)

I mean, that's great for you, but kind of sad, too. A good company that wants its employees to stick around should be integrating the social lives of its employees.

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Re:Companies Shouldn’t Be Accountable Only to Shareholders by dragonwriter on Wednesday August 15, 2018 @12:33PM (#17767342)

I fail to see how those are differences in regard to the feature raised in the post I was responding to. (Also, I'm not sure “what you must do to eat” is voluntary in any meaningful sense.)

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Re:Companies Shouldn’t Be Accountable Only to Shareholders by lucretian on Wednesday August 15, 2018 @03:02PM (#17768748)

  I was suggesting that they do not have the information necessary to make a defensible decision.

only in the narrow, status quo definition of the job, structured as such in the interests of the owner class. i encourage you to expand your political imagination.

others have already covered the remaining aspects of your comment i object to.

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