How come private companies are more innovative and successful than public companies? Valve is absolutely monopolizing every aspect of the entertainment sphere and its just 20 dudes and no jewish stakeholders
>>61313306>just 20 dudes and no jewish stakeholdersYou answered your own question
>>61313306>why are companies, who are beholden to shareholders, doing what their shareholders tell them to do?Gee, it's almost like when millions of people own the same business the only path forward is the one that caters to the lowest common denominator.
Private companies also have shareholders
Corporations are fundamentally tyrannical structures. Throwing some laws together to make the shareholder structure look democratic only works as long as people want it to, not because it’s actually a good democratic structure.
>>61313324fpbptop kek, how does anyone on biz not realize this at this pint
>>61313306Gonna hold off on the HMD to see if they'll make a better spec "pro" version or perhaps an open source modular one. If not then I'l get one solely because its not Meta.
Having to seek (((investment))) instead of just earning money from being a successful company is inherently a bad sign
A long, long time ago, Dodge sued Ford and the result was a judgement that established the legal precedent: A corporation's only duty is to generate profit for shareholders.At first this decision propelled businesses to innovate as they scrambled to offer more appealing products than their competitors to gain market share. Make a new, better product, sell more, get more profit. It worked.... for a time.Later on, a crafty asshole named Jack Welch came along and discovered he could make GE's stock price go up by firing employees and selling off company assets. Producing new and better products was no longer the quickest way to make shareholders happy. New products take time and R&D money. Slashing employee benefits and selling factories moves the needle fast.Since then, most publicly traded companies are just a gaggle of stressed out MBA yuppies churning out spreadsheets and powerpoints in a vain attempt to produce value through financial slight of hand.Innovation isn't on the table anymore. It takes too long, and costs too much money because you can't achieve amazing results in one financial quarter.
