this post was submitted on 14 Dec 2024
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[–] [email protected] 269 points 2 weeks ago* (last edited 2 weeks ago) (50 children)

People are in disbelief that they would be making this kid into a hero,” he told Fortune.

Attending a conference for CEOs in New York this week, just blocks away from the site of the shooting, George found that many were shaken and deeply concerned by the reaction to Thompson’s killing. “They’re having plenty of meetings right now to discuss beefing up security,” he said of the business leaders, even as some question how much security coverage is enough. People are asking themselves, “‘What does that say about our society? Where’s our society going?’” George said.

So they've learned absolutely nothing.

Plenty of meetings to beef up security. How about plenty of meetings to understand how your greed has caused this? They sound one logical leap (that they are unwilling to make) away from understanding exactly what the problem is.

They managed to find one and only one CEO quote that reflected anything resembling self-awareness.

“When I was growing up, CEOs didn’t make millions more than everyone else in the company. I think we have to reflect on why there’s so much anger and do something about it.”

[–] [email protected] 53 points 2 weeks ago (16 children)

Because CEOs are a symptom.

The problem is our investment economy that focuses only on the stock prices continually going up. It's literally an unsustainable system.

If a CEO puts their personal safety over the investors, the company gets a new CEO.

They're not the one really making the worst decisions, they're the ones who agreed to take a shitton of money to be the face of the company and take all the blame.

CEOs don't get paid for the work they do, they get paid to be the fall guy.

Still absolutely shit people who deserve zero sympathy, but they're not the real problem, just a symptom

[–] [email protected] 45 points 2 weeks ago (3 children)

The problem is our investment economy that focuses only on the stock prices continually going up. It's literally an unsustainable system.

Yup, this is the problem right here. Investments are supposed to generate returns, that's the whole point. But Milton Friedman and Jack Welch decided that the sole mission of any company was to increase shareholder value, and the rest of the world rolled with that. So whenever these CEOs point to their Mission and Vision statements, unless they say "Our only priority is delivering returns to our Shareholders", they are lying.

https://en.m.wikipedia.org/wiki/Shareholder_value

Economist Milton Friedman introduced the Friedman doctrine in a 1970 essay for The New York Times, entitled "A Friedman Doctrine: The Social Responsibility of Business Is to Increase Its Profits".[5] In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders.[6]

Meanwhile, we've decided that these corporations are people. Psychopaths who have no moral responsibilities to anyone but their shareholders, but people nonetheless.

[–] SreudianFlip 9 points 2 weeks ago (1 children)

Thus our efforts to make social justice a core condition for profits: fuck people over and get a boycott or protests or a label in media as toxic, and lose customers.

It's not going well, as a strategy. It requires an educated populace.

[–] [email protected] 6 points 2 weeks ago

I mean, every economic model out there "assumes rational actors," which I've always taken to mean informed and educated. Too many of the masses are neither.

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