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by sylware
1228 days ago
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Major owners of US companies basically choose the CEOs and have a say on everything they want to. For instance, msft CEO is on the board of directors of starbucks. And everything is like that in blackrock/vanguard galaxy. It is public info on internet, and you can start on wikipedia. Then it is more the other way around which is unlikely to have any truth to it: it would be hardly believable that actual owners of big tech companies do not have any say to big tech steering. There is some kind of exception: amazon, still mostly own my Mr Bezos, then driven by himself. Once he sells his shares, vanguard and blackrock will become the actual owners of amazon (they are right behind Bezos)... but I don't know what kind of relationship between him and vanguard/blackrock (you would have needed heavy investment to build amazon from somewhere and "be chosen" to get the money to be able to do that). |
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Even if they did have the power to fire one of these CEOs, that doesn’t give them any leverage at all over small details like browser strategy, because their only option would to replace the CEO with someone who understands much less about the company. I.e. they can really only do anything if the CEO is manifestly failing.
Honestly your argument doesn’t work, and doesn’t reflect shareholder influence.