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by pjc50 592 days ago
The company's checking account also belongs to the shareholders, albeit indirectly.

The remarkable thing is how readily shareholders will accept narratives which give the CEO very large amounts of compensation. The notorious $50bn is a high mark: https://www.forbes.com/sites/antoniopequenoiv/2024/06/13/tes... - but that is very much taking value away from shareholders and handing it to the CEO in huge amounts.

1 comments

It doesn't indirectly belong to share holders, it directly does.

But that doesn't change the fact that employee's are paid with money that is generated by the business itself. Stock compensation comes from the wallets of shareholders and is totally disconnected from the operations of the company (although generally proportionate).

Indirectly as in separate legal personhood from the shareholders themselves.