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Re:The Collison Brothers Built Stripe into a $95B Unicorn by zem on Thursday May 26, 2022 @06:24PM (#31524035)
the issue here is owner compensation, not CEO compensation. that is, wealth accrued by virtue of "owning" a company that other people are merely "employees" adding value to, but not receiving any of that value.
Re:The Collison Brothers Built Stripe into a $95B Unicorn by daenz on Thursday May 26, 2022 @06:26PM (#31524051)
Anyone can buy Amazon stock. Then you own some of the company and will benefit financially if the value goes up!
Re:The Collison Brothers Built Stripe into a $95B Unicorn by jeromegv on Thursday May 26, 2022 @06:33PM (#31524096)
So you're advocating for employees to "buy" stock from where they work in order to get compensated?
Re:The Collison Brothers Built Stripe into a $95B Unicorn by daenz on Thursday May 26, 2022 @06:39PM (#31524141)
>in order to get compensated

That language is based on the assumption that they're not already being compensated.

Their compensation is what they agreed to accept as payment for their labor. So they're already being compensated. If they want to "own" part of the company outside of this agreement, they need to buy a piece of it. If you want that as part of your employment agreement, negotiate it beforehand, either individually, or as part of a union effort. If you can't negotiate it through those efforts, then accept the fact that the employer believes they can get a better deal on the labor.

[dead]
Re:The Collison Brothers Built Stripe into a $95B Unicorn by daenz on Thursday May 26, 2022 @08:01PM (#31524725)
>Or you can grab some torches and sharp objects and hold them to his throat and change the terms of the negotiation.

Do all of your employees at From Day One own a portion of the company? Why shouldn't they "hold sharp objects to your throat", as the founder, to get a better deal than what they agreed to? If not, why not?

Re:The Collison Brothers Built Stripe into a $95B Unicorn by CPLX on Friday May 27, 2022 @05:48AM (#31527710)
If they believe they’ve exhausted all other avenues for positive change, and if I personally have subverted and taken over roles best left to a democratic government, then of course they should.

This country, with its institutions, belongs to the people who inhabit it.

If they grow weary of the existing power structure and have not been given the ability to meaningfully participate in the institutions that govern the lives of themselves and their communities, then they most certainly should exercise their revolutionary right to overthrow those institutions.

https://www.brainyquote.com/quotes/abraham_lincoln_101160

Re:The Collison Brothers Built Stripe into a $95B Unicorn by daenz on Friday May 27, 2022 @02:20PM (#31532934)
You're re-contexualizing an Abraham Lincoln quote about the government to justify threatening the life of a private citizen. If you have an issue with the government not doing what you feel is its job, then maybe you should petition the government instead of advocating for some bizarre lynch mob (that, ironically, would be put down swiftly by the very government you should be petitioning). That's how "exhausting all other avenues" actually works.
Re:The Collison Brothers Built Stripe into a $95B Unicorn by CPLX on Friday May 27, 2022 @02:58PM (#31533447)
"This country, with its institutions, belongs to the people who inhabit it."

Pretty sure the owner of the largest pile of wealth ever assembled and the top political newspaper in the country fits well within the framework of this country's institutions.

There's nothing bizarre about a mob coming for the assholes who hoard all the wealth and consign the masses to subsistence level existence. In fact this dynamic is probably the most enduring concept in human history.

Re:The Collison Brothers Built Stripe into a $95B Unicorn by daenz on Friday May 27, 2022 @03:12PM (#31533625)
Is this how you really feel about the Fortune 500 companies that participate in your From Day One conferences? That their leaders should be lynched?
Re:The Collison Brothers Built Stripe into a $95B Unicorn by CPLX on Friday May 27, 2022 @03:33PM (#31533875)
I'm expressing a very uncontroversial opinion, which is that the state should have a monopoly on violence, and that the state should be run of, by, and for the people. If the roles that should be assigned to government ever become so corrupted by corporate interests that the institutions that control our life are no longer recognizable as democratic they should be overthrown by force if necessary.

This is the founding principle of America, and I'd be happy to advocate for it in any forum. It sounds like you have an alternate worldview and that's fine too, perhaps we can agree to disagree on this point.

Re:The Collison Brothers Built Stripe into a $95B Unicorn by LudwigNagasena on Thursday May 26, 2022 @08:08PM (#31524748)
> The entire concept of Amazon being a company at all is a legal fiction granted as a privilege that can be revoked as easily as it was given.

Ok, but how does getting rich because of moving boxes at Amazon rather than Walmart make more sense?

Re:The Collison Brothers Built Stripe into a $95B Unicorn by mrtesthah on Thursday May 26, 2022 @09:15PM (#31525127)
Maybe our goal as a society shouldn’t be to decide who gets rich, but rather to do what it takes to ensure fair distribution of resources such that everyone’s basic needs for food, housing, healthcare, and education are met.

That’s difficult to do when wealth is concentrated among a very small group of people.

Re:The Collison Brothers Built Stripe into a $95B Unicorn by LudwigNagasena on Friday May 27, 2022 @03:38AM (#31527012)
That’s also difficult when people set up dichotomies like Bezos vs his workers and disregard the entire world.
Re:The Collison Brothers Built Stripe into a $95B Unicorn by mrtesthah on Friday May 27, 2022 @12:31PM (#31531495)
No, not really. Pointing out the injustice of a company mistreating and burning out its workers in order to produce one of the richest billionaires, usefully illustrates the inequality we face globally.
Re:The Collison Brothers Built Stripe into a $95B Unicorn by LudwigNagasena on Saturday May 28, 2022 @06:57AM (#31539294)
Evidently it doesn't.
Re:The Collison Brothers Built Stripe into a $95B Unicorn by beambot on Thursday May 26, 2022 @08:12PM (#31524770)
To be fair: all laws are legal fictions enforced by the pointy end of a stick. Could just as easily end up with totalitarianism.
Re:The Collison Brothers Built Stripe into a $95B Unicorn by CPLX on Friday May 27, 2022 @05:50AM (#31527724)
Now you’re getting it.

So when a small group of people has seized control of the laws it’s time to resort to the pointy end of the stick.

The laws are there to protect the people from those who seek to enslave them not the other way around.

Re:The Collison Brothers Built Stripe into a $95B Unicorn by daenz on Friday May 27, 2022 @02:34PM (#31533116)
>it’s time to resort to the pointy end of the stick.

Are you planning to commit an act of political violence? Do you have weapons?

Re:The Collison Brothers Built Stripe into a $95B Unicorn by collegeburner on Thursday May 26, 2022 @09:53PM (#31525336)
Some employees negotiate contracts where they are paid partially or fully in stock. Other employees negotiate contracts where they are paid all in cash. A lot of people don't want to wait for a payout or take on risk.
Re:The Collison Brothers Built Stripe into a $95B Unicorn by kortilla on Friday May 27, 2022 @01:55AM (#31526422)
Owners are not compensated unless a dividend is issued. Is your problem with how much people are willing to pay for Amazon stock?m