I did retirement home training and used to think it was a sweet job. Then I got in the business and underestimated how demoralizing it was as they give you the easy elders in training while the others make you, or at least me, really think of the fact the job just amounts to an unkarmic freebie.
I’m okay with Chief executive officers. I’m not okay with publicly traded companies.
If I were to start a business I would like to be allowed to run that business. But I think any business that goes public and starts trading on the stock market has sold out completely and totally and no longer has any intrinsic value.
They always do it for a temporary injection of money and they always end up enshittifying as they inevitably have to satisfy the investors who gave them the money.
Publicly traded companies blow my mind a little bit.
It’s not enough to make steady, consistent profits. Give out reliable quarterly dividends and make it so your investors make their money back plus a little extra over time. Free money is not enough for the ownership class.
Growth isn’t enough either. Buying something for X and selling it for 1.1X so you make money even without a dividend isn’t enough for the investor class.
You have to grow infinitely. You have to grow faster than everyone else. You have to beat the projections. Make your product smaller and shittier & sell it for the same price. Lay off 10% of your workforce after record profits to cut costs. Force ads and subscriptions and data mining into every possible space. Undercut your smaller competitors until they fold, then jack up your prices. Break the law, fuck over your workers, buy out politicians, move your production lines to countries with no labor laws.
Being publicly traded actively rewards evil and anti-human behavior.
https://reclaimdemocracy.org/corporate-accountability-history-corporations-us/
TL;DR: the entire point of incorporation was supposed to be for public benefit, and it’s been perverted into a sociopathic entitlement instead. Perhaps even worse, the notion of “corporate personhood” wasn’t even the legitimate decision of legislators or judges, but a fucking clerical error that subsequently got treated as gospel!