Years earlier, she had asked a boss if he would let his children fly on a plane with the litany of flaws and non-conformances he was urging her to “pencil-whip”: “Cindy, none of these planes are staying in America, they’re all going overseas,” he retorted, much to her horror.
Boeing is run too much by Wall Street.
Black Rock basically owns the entire stock market. Even the best intentioned companies eventually have to cave to fiduciary duty to shareholders.
That’s why going public is a sign the owners no longer care about the business and only care about fleecing us as much as possible.
Black Rock owns absolutely fuck-all. It only manages the 401ks of normal people like you and me, and STOLE OUR SHAREHOLDER VOTING RIGHTS.
Yeah these headlines always grind my gears. Even the equity they don’t steal, they leverage as if their own assets. They’re fucking mine and yours.
No, it really doesn’t. Assets under management (not owned) 11.5 trillion, while the American stock market alone is worth around 50.
What capitalist giant corp isn’t?
https://en.wikipedia.org/wiki/List_of_largest_private_non-governmental_companies_by_revenue
Including such recognizable names as Aldi, State Farm, Deloitte, Ingram Micro, and Ikea.
I like that Aldi is on the list which I think is a good thing(might be a little over my head). One of my favorite places to go.
Sooo robber barons are better?
Yes. Unambigiously.
What would you rather have, one person with a ton of power making decisions, or abstract it out over a group and diffuse all responsibility?
Both are bad, but one of them has a (likely not morally great) person at the top, the other has lots of robber barons sharing ownership and collectively demanding line go up
A person isn’t usually dumb enough to fire half their workforce, because they know their bread and butter comes from that workforce. A consulting company advising the business and shareholders at the same time can easily do such stupidity for short term profits