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A comment on Coinbase lays off around 1,100 employees. Parent comment

Re:Coinbase lays off around 1,100 employees by hervature on Tuesday June 14, 2022 @07:31PM (#31747322)
> Voting shares don't have to have monetary value.

:facepalm:

If you control a company worth $1T, someone is going to be willing to buy your share. If you're implying that voting shares don't have to be transferable, the question becomes how do you pick the next leader? The current owner gets to appoint the next in line? That's basically monarchy. The history I was taught says that only those at the top thrive under monarchy.

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Re:Coinbase lays off around 1,100 employees by Johnny555 on Tuesday June 14, 2022 @07:33PM (#31747347)
How is that different than the current situation? If I own a controlling share of a company, I don't have to sell my shares to the highest bidder, I can decide to transfer them to my grandmother. Why does it matter if money is exchanged or not?
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