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Every company should be owned by its employees (www.elysian.press)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 3 months ago

What if the executives who make the choices to do all those unethical actions actually are answering to locals.

That's what I'm saying, dude. Sure, the locals have the voting rights. But there's also a huge pool of external investors who want to see the company make more money. They act as a leveraging effect on the value of the stock, for voters (employees) and non voters alike.

If the company decides to do something good like switch to 100% renewable energy, investors sell and everyone's stock loses value. The employees see their retirement fund tank.

If the company decides to do something bad like outsource all their labor to children in the 3rd world, investors buy and everyone's stock rises a lot.

Every decision that the company makes, they'll have the investors in mind.