No More Layoffs with a Payoff: It's Time to Freeze CEO Salaries

Re:No More Layoffs with a Payoff: It's Time to Freeze CEO Sa... by null0pointer on Friday November 01, 2024 @09:46PM (#42023415)

I wrote a long rant in response to this but decided to spare you and instead just say this:

Shareholder capitalism has fucked up the minds of so many people (especially Americans) where they think the purpose of a company is to extract maximum value for the shareholders. Sorry, no. The purpose of a company is to either a) fulfill their mission to the best of their ability (which is never “maximize shareholder value”), or b) provide quality goods/services at a fair price.

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Re:No More Layoffs with a Payoff: It's Time to Freeze CEO Sa... by riku_iki on Friday November 01, 2024 @10:39PM (#42023662)

> The purpose of a company is

why do you think you have authority for such declaration?

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Re:No More Layoffs with a Payoff: It's Time to Freeze CEO Sa... by null0pointer on Friday November 01, 2024 @11:17PM (#42023808)

I don’t need to. They tell you their purpose in their mission statement.

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Re:No More Layoffs with a Payoff: It's Time to Freeze CEO Sa... by riku_iki on Friday November 01, 2024 @11:38PM (#42023897)

And why do you think that mission is higher priority than shareholders interests? Do they even have any legal obligations to follow that mission?

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Re:No More Layoffs with a Payoff: It's Time to Freeze CEO Sa... by erik_seaberg on Saturday November 02, 2024 @12:18AM (#42024041)

I would think they have to keep the commitments in the charter, and only the board can propose changes for shareholders to vote on (because they own it all).

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