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> 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.



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


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


Was that actually put to a shareholder vote though?


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


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


Oops. Thank you.


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.


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.




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