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this post was submitted on 14 Dec 2024
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"Well, corporate America is made up of hardworking Americans who do their best to reward the investors, and many times those investors are pension funds."
Ah hahaha. The CEO who got $h!tpwn3d was investigated for insider trading. He fucked the shareholders right in the nose.
But even if he hadn't, the investors are mostly the super rich. Giving them more money is in no way respectable or decent, knowing that the money is coming from the rest of us.
But even if shareholder supremacy were admirable, we still don't have it. CEOs who receive company stocks routinely inflate the value so they can sell them. It's 100% legal, and I didn't see any of the anonymous folk speaking out against the practice.