[stavros]

> If stocks were only a proxy for money and nothing else the example would be spot-on

They are, in the modern startup world that HN is mostly in. That's why commenters here don't remember there are voting shares.

[coderatlarge]

What are some corporate votes that you feel wider employee ownership would have improved?

[stavros]

Laying off 10% of the workforce because the company isn't growing fast enough and then giving the CEO a bigger bonus.

[coderatlarge]

Was that actually put to a shareholder vote though?

[psd1]

Lindy Fiorentina fucking up HP. Boeing all over. I'd hope to see employee-owners counteract short-termism

[myroon5]

https://en.wikipedia.org/wiki/Carly_Fiorina ?

[psd1]

Oops. Thank you.

[coderatlarge]

As I’m saying to Stavros above, I think many of these decisions don’t get put to a shareholder vote. The voting mechanism is generally extremely coarse afaik.

[psd1]

Right, the outcome is not guaranteed. But the possibility of a confidence vote might surface in a psycho CEO's brain from time to time.