Comment uh huh (Score 1) 49
I'm sure, as a long-term unemployed software engineer, I'll definately get some relief from that money, and it won't disappear into ad agencies, management consulting fees, and PACs
enormous/s/enormous
If only. The markets can remain irrational far longer than you might think.
Especially so because official government economic statatistics have been cooked harder than a 4am gas station hot dog since about 2022
Doesn't this place the business at the mercy of the shareholder's whims?
Lol hell no. Most shares are owned by ETF indexes. The way the ETF managers vote determines the outcome, and that outcome can be arranged with a bit of bribery.
Now you know wh most public companies are run by incompetant tumors in suits who don't give a damn about the shareholder. They've been tokenized away from any sort of relevance.
"Don't discount flying pigs before you have good air defense." -- jvh@clinet.FI