If Ryan Cohen took a salary in that leauge the bear thesis would still be alive and the turnaround of GameStop might never happen (or be significantly delayed). My executive chairman has other plans 🙌
If Ryan Cohen took a salary in that leauge the bear thesis would still be alive and the turnaround of GameStop might never happen (or be significantly delayed). My executive chairman has other plans 🙌
Executives of large companies should always be paid wholly or mostly in stock and not allowed to hedge. This is the only way to be aligned with any 1%er that I can think of, when their interests and those of the common shareholder are unified.
Why should the shareholders interest even be prioritized. What about customers? Or employees? Or the business itself?
This priority on short term profits for stock price is toxic to functional capitalism.
Saint Milton Friedman (bless him) said that the only societal responsibility of a CEO is to increase the wealth of the company’s shareholders.
You wouldn’t want the CEOs to disobey the sanctified word of Mimil? The shareholders could go broke, and then how would the wealth treacle down? Did you think of this? No, you only think about not starving, you egoistical prole.
Why should a car owners commute be prioritized… what about disabled? Or downtroden? Or the dealership itself?
This priority on personal vehicals for daily use is toxic to functional transport.
Unironically yes. Check out Strong Towns.