The Picard Maneuver@lemmy.world to Curated Tumblr@sh.itjust.worksEnglish · 7 days agoThe elusive shareholderlemmy.worldimagemessage-square27fedilinkarrow-up1702arrow-down16
arrow-up1696arrow-down1imageThe elusive shareholderlemmy.worldThe Picard Maneuver@lemmy.world to Curated Tumblr@sh.itjust.worksEnglish · 7 days agomessage-square27fedilink
minus-squareevasive_chimpanzee@lemmy.worldlinkfedilinkEnglisharrow-up9·7 days agoI never understood how special shares were legal. I mean, I do understand that it’s because the ownership class wants it that way, but it’s insane. It’s literally letting people have their cake of controlling a company while eating it by selling the company off simultaneously.
minus-squarePyroNeurosis@sopuli.xyzlinkfedilinkEnglisharrow-up3·7 days agoSome special shares are cheaper, but you don’t get a vote. Those shares are for the sort that just wanna ride the corporate wave without any “guilt”.
I never understood how special shares were legal. I mean, I do understand that it’s because the ownership class wants it that way, but it’s insane.
It’s literally letting people have their cake of controlling a company while eating it by selling the company off simultaneously.
Some special shares are cheaper, but you don’t get a vote. Those shares are for the sort that just wanna ride the corporate wave without any “guilt”.