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Trump gave top US firms staggering tax cuts, with some paying $0 or less – report
(www.theguardian.com)
this post was submitted on 29 Feb 2024
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And how is our current system not already an extreme version of this???
Shareholders aren't the same as stakeholders. Shareholders are always stakeholders, but stakeholders aren't always share holders.
Stakeholders are people with any kind of interest in the company doing well, this includes people like employees, suppliers, and customers. Basically anyone that benefits from a business doing well.
I feel like he might be arguing for the kind of change that the current "anything to keep the stock price going up so the shareholders stay happy" model desperately needs.
Probably a bunch of lipservice to keep shareholders happy by addressing risk that they all foresee....namely the shifting temperament towards large corporations by the people who's value is being stolen for shareholders gains.
I'd say you're probably right about that, especially considering that's the CEO who's building a doomsday bunker with a flammable moat, right next to zuck in Hawaii.
The modern CEO has been bred to appease the shareholders, but not any shareholders...just the ones with enough skin in the game and enough influence/power to destroy lives, CEOs included.
The game is fully rigged, the only ones who have any real free will are the hedgefunds and investment houses. Keep those entities happy and your little company thrives.
As a CEO, you're just the colonial general sitting in the big house exploiting a workforce and shipping the value/profits back to the homeland.
Just look at Bezos...ex hedgefund guy builds digital platform to buy/sell books, and then AWS happens, and then literally thousands of brick and mortar stores close down giving amazon a monopoly in lots of regions. Visionary entrepreneur my ass...modern day colonizer and profiteer is closer to the truth.
Bezos will be a trillionair in this decade, his shareholders basically have a infinite money supply, and like Walmart; Amazon employees are getting their hands chopped off because they didn't produce enough rubber for the King/Queen/HFT-Firm