(March 11, 2016 at 11:52 am)Rhythm Wrote: CEO =/= owner. Forgive me for being unclear by using the terms employer and employee. Those shareholders, in your example, would be the owners...and they assume the risk the CEO is smart enough not to. Probably has something to do with him knowing himself. I'd liken a poor CEO to an employee with his hand in his employers till.
Lets not get into blaming the shareholders, that is not the same type of ownership as a single person or single family owning something, that "ownership" is more like buying poker chips at a casino. I'd only agree that the CEO is not only rigging the bet against the players but also fucking over the poker chip holders as well.
Lets call investing what it is, legalized gambling. The investors are buying into the game. It's because of deregulation and 30 years of big money writing it's own laws that the insiders get away with fucking over both the consumer and investors.