News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
So they've learned absolutely nothing.
Plenty of meetings to beef up security. How about plenty of meetings to understand how your greed has caused this? They sound one logical leap (that they are unwilling to make) away from understanding exactly what the problem is.
They managed to find one and only one CEO quote that reflected anything resembling self-awareness.
All I can think of is a TED talk I saw where the speaker had given some presentation to a bunch of billionaires and had some q&a, and one of them who had built a bunker for themselves asked him how they could prevent their security team from turning on them in the bunker.
The TED talk guy responded "Be kind to them?"
And the Billionaire said "But where does that end?"
I'll try to find it so I can link it.
EDIT: Found it!
Oh god please do.
I’m pretty sure it was the same guy who did the “it could happen here podcast.” Then they were like, can we put shock collars on the security guards. Stuff like that.
Robert Evans? The man is a national treasure.
If you haven't heard his miniseries "Behind the Police" (ironically a four episode special in a much longer running serial podcast called "Behind the Bastards" which is not only about police) I strongly recommend it.
I managed to find what I was thinking of, but it concludes with a totally different line about them than I remembered. I think @[email protected] is right, and the "where does that end?" quote might be from a segment in a Robert Evans podcast.
Thank you!
Wait! I found it! It was the same guy from the TED talk, but on a different podcast!
https://m.youtube.com/watch?v=nS3-dQen-YM
relevant part at 4:20
also @[email protected]
You rock!
I don't think it was a ted talk, I'm pretty sure it was a seminar put on specifically by the billionaire class asking this guy how best to navigate societal collapse with their vast amount of resources.
This I believe was one of the exchanges at that event.
What’s incredible to me is that they don’t realize that societal collapse will render their resources more or less worthless. Their options are the same as everyone else’s: get a bug out plan, be ready to abandon all belongings, etc. What are you planning to do to keep your bunkers stocked past the first month? How will you pay your security if your banks are gone or your currency is worthless?
Exactly. These people don't think rationally. They truly believe they'll have a group of sycophants who will do anything they say because they had them all this time before.
When shit hits the fan, you need to be the only one with the keys to the shock collars. You need to basically become Batman.
You're right, though I was first introduced to the story from the guy telling it at a TED talk. I phrased it poorly.
And it's funny because the answer is build an egalitarian compound where your share of the labor is the funding. That's it. If the guards see it as how they contribute to a shared community then they're not going to turn on their boss
Wow, that was actually an extremely insightful conversation. Thank you for going out of your way to share it!
That video was freakin amazing and insightful!
You should make this it's own post so more people can spread it
The guy is called Douglas Rushkoff and he wrote a book on the subject called "Survival of the Richest: Escape fantasies of the Tech Billionaires".
Because CEOs are a symptom.
The problem is our investment economy that focuses only on the stock prices continually going up. It's literally an unsustainable system.
If a CEO puts their personal safety over the investors, the company gets a new CEO.
They're not the one really making the worst decisions, they're the ones who agreed to take a shitton of money to be the face of the company and take all the blame.
CEOs don't get paid for the work they do, they get paid to be the fall guy.
Still absolutely shit people who deserve zero sympathy, but they're not the real problem, just a symptom
Yup, this is the problem right here. Investments are supposed to generate returns, that's the whole point. But Milton Friedman and Jack Welch decided that the sole mission of any company was to increase shareholder value, and the rest of the world rolled with that. So whenever these CEOs point to their Mission and Vision statements, unless they say "Our only priority is delivering returns to our Shareholders", they are lying.
https://en.m.wikipedia.org/wiki/Shareholder_value
Meanwhile, we've decided that these corporations are people. Psychopaths who have no moral responsibilities to anyone but their shareholders, but people nonetheless.
Thus our efforts to make social justice a core condition for profits: fuck people over and get a boycott or protests or a label in media as toxic, and lose customers.
It's not going well, as a strategy. It requires an educated populace.
I mean, every economic model out there "assumes rational actors," which I've always taken to mean informed and educated. Too many of the masses are neither.
Exactly. At some point companies need to transition from investment vehicles to institutions
How many times will they be willing to get a new CEO before they make changes? How many times will someone accept promotion into that position? I wouldn't take Brian Thompson's job for any amount of money right now, would you?
I absolutely would take the job. I'd do it for a $1 salary even. I would have the power to make sure claims were approved, lower premiums on users, and call out the inequity of private healthcare from the top of the ivory tower. I'd be fired, but not before I was able to make some good happen.
And, in the long term, that wouldn't even be bad for line go up.
Companies used to invest in their reputation, back when there was that 90% marginal income tax rate.
That's the thing, you wouldn't have the power to do any of that before you were booted out. CEOs do have a lot of power over the board, and the board has power over the company. The net result is that if the CEO pushes too fast or too radically they get removed before any change occurs. As the poster above said, in situations like this the CEO is paid to be the fall guy; the people who wield the actual power are the board members and the large shareholders. The CEO deserves a chunk of the blame for being the face of the organisation and legitimizing it, but killing one, or even a few, off wont significantly change the direction these companies are headed in.
Fair, but in the context of a company being willing to just replace CEOs every time they have to fire one (or especially when someone shows up to fire the CEO for them, Luigi-style), I think there's a small number of cycles they would go through before logic would dictate that they need to conduct business differently.
If you made too much good happen, you wouldn't be fired, you'd be thrown off of a moving train
It's called "dying of an apparent suicide" and the authorities can find no sign of foul play. It's so sad when this sort of thing happens. The company's thoughts and prayers are with his family.
Ah yes, apparent suicide with two random, unrelated gunshot wounds to the back of the head
They'd do it on the daily if it makes them more money...
What do you think a CEO actually does?
They listen to what high level management says is best, and then just does whatever brings the stock price up fastet disregarding everything else.
There's a reason they all get golden parachutes. None of them care past the last board meeting
Sure. They'd run a hundred grandmas a day through a woodchipper, each of them clutching a puppy, if it made them money. However, I am quite sure there isn't a way that replacing your CEO daily, or even often, makes more money. And yes, I understand hyperbole.
I also understand that the impacts on a company of having multiple CEOs shot in a short period of time, or having multiple CEOs come in, try to be decent humans, and fired for it in a short period of time, would have destabilizing impacts throughout any sizable organization. They would run into problems with manpower and staffing, investment dollars, and generally the ability to do business. It would harm morale and reduce efficiency. And probably a bunch of other things I haven't thought of in the 3 minutes I've been typing this.
Yep, we have a word for continual uninhibited growth - it’s called cancer.
I don't always agree with what you post, but you're spot on here.
The "what does this say about society" question bugs the shit out of me. It means that our society is sick and tired of being the only rich nation in the world where getting sick or injured will bankrupt you. If these people were truly concerned about the good of society, they'd quit sucking us dry for every dollar that they can and would advocate for a better system.
Absolutely. The entire article makes it clear that they don't even have an inkling of what it's like to have to worry about your health or how much money you have.
It also bugs the shit out of me because how long have children been being murdered in school in a mass shooting epidemic, but now that the rich are being killed that's what makes them ask this? Our society has been in bad shape for a long time
We live in a society!!
Well they did learn one thing though
They finally learned how it is to be a high schooler, having to live under constant fear of murder. I can't wait to watch C level execs having tondo active shooter drills where they have tonhude under bullet proof blankets.
Mind you, murder is bad, and this murder on this CEO was bad, no matter how you turn it. I don't want to live in a world where murdering eachother is the only conversation left.
Having said that, it is very gratifying to finally see these out of touch assholes having to suffer the same fear as all little kids in America
Great points!
Yes for sure.
Me neither. Let's see if they are ready for any other kind of conversation now. OP makes me think they aren't. Let's not forget this murder happened because of all the other murders.
Same for stealing.
A company steals millions from their employees? Silence.
A guy stealing from Walmart? Police force everywhere.
That's a bridge too far for them, especially with particularly oligarch friendly policies of the incoming US administration.
That’s what makes it sooo good, they think they just got the keys to the kingdom but forgot the all the residents can bite back at any time.
They literally can't see the light for all their wealth because they're calvinists believing: the greater the wealth, the greater the morality.
Elysium
Have been thinking about that movie quite a bit since all this went down, but don't remember it in great detail. Might be worth a rewatch.