Many people have reported this as a fake tweet. I don’t have time to be the tweet police. What is everyone’s thoughts about having a link to the actual tweet or other social media link?
Edit: Please stop reporting this. They may have re-posted this from somewhere else and didn’t know or it might not be fake. I’m not going to x to find out. From now on, please provide an archived link to all politicians and major figures.
I’m not the mod you’re talking to, but I assume they aren’t deleting it because OP posted it before providing a link was a rule, and it might not be a fake tweet. I mean it is fake, but I can’t prove that.
Personally I’m in favor of mods erring on the side of not removing content if there’s any uncertainty, even if it’s a bit annoying seeing this fake tweet
It’s misleading on the people Twitter sub. Fake Wikipedia articles hard to distinguish would be misleading on a Wikipedia sub
If this was true…Nd I wouldn’t be surprised that he would sya such a thing as… Making profit for the share holders. Is justified even if ruthlessly done…
I remember watching a documentary, it may have been Robert Reich that was explaining how businesses in the 1970’s made profits but the difference between the owner and the employee was high but still within a certain logic. Companies still had the philosophy that you should keep your employees for 30 years and treat them with a certain respect whereas today… A lot of big business are there for the shareholder and screw the employee. They are selfish anyway… Wanting more than minimal salary 🙄
Then again, I love reading Robert Reich… https://robertreich.substack.com/p/the-paid-what-youre-worth-myth
And yet another good article : https://robertreich.substack.com/p/if-bosses-are-raking-it-in-shouldnt
“This isn’t true but it may as well be, because it feels true to me” is always such a disappointing thing to see commented under misinformation.
What would be the misinformation? A typical working family in the 1970 could survive and feed their family. Today, a working family barely make enough money to pay for rent.
If CEO deserve their pay (hypothetically) then why would the employee not equally get higher salary increase?
Please explain how business have not, at least in the last 30 years, focused on gaining high profit for shareholders and care very little of the consumer or the workers.
A CEO goal is not to serve the board to the point of ripping a business apart. In that same breath, a Board should actually be held accountable to not pillage companies to simply increase their already big portfolio…
prolly the wrong climate to be openly admitting profits are more important than peoples lives.
I’ve heard that phrase my whole life and only looked it up now because of your comment. For anyone else that’s curious:
“Let them eat cake” is the traditional translation of the French phrase “Qu’ils mangent de la brioche”,[1] said to have been spoken in the 18th century by “a great princess” upon being told that the peasants had no bread.
…
The quote is taken to reflect either the princess’s frivolous disregard for the starving peasants or her poor understanding of their plight.
And brioche is more like a rich egg bread than what I would recognize as cake.
I had a history teacher who claimed that French bakers at the time called the layers of dough that were left on the bottom of the ovens and had to be scraped off periodically “cake” and that is what Marie Antoinette was referring to when she said “let them eat cake.” So it was just as heartless, but maybe less comically out of touch.
He’s too high profile. Too many people watching him at all times. An assassin would have a hard time getting to him I would think.
Hack his electronics and make his tv/laptop/phone do a jumpscare while he’s eating then he accidentally chokes to death. Total accident, nothing to see here.
Or you know, he got a nice tesla. It be a shame the steering malfunctioned by a weird “software glitch” and definitely not a hacker.
Is there a list of healthcare company shareholders?
I guarantee you the companies will start freaking out once their largest shareholders start to be picked off and everyone else sells their shares.
The largest shareholders tend to be retirement funds. It’s generational warfare that no one realizes or talks about.
I would disagree that that is an example of generational warfare.
The older people get, the less of their money tends to be in actual stocks, and the shares managed by retirement funds are inevitably non-voting, so they can’t even voice what tiny bit of opinion their fraction of ownership would theoretically get them.
The “shareholders” being performed for are the managers of those investment funds.
Making obscene wealth on stock investing is relatively rare, but making obscene wealth investing other people’s money and then paying yourself an obscene salary out of the proceeds is far more common.
Those are the people who control the massive amounts of money that companies perform for to drive up share prices.
Why own when you can get paid to control? Then your money isn’t on the line and you don’t need to be lucky to get rich.
The older people get, the less of their money tends to be in actual stocks,
Eh it’s still a ton. And even then it’s in bonds which a good amount are corporate bonds, and guess what the corporation wants to do.
the shares managed by retirement funds are inevitably non-voting,
Really doesn’t alleviate the pressure of “maximize the shareholder value at all costs”. Fiduciary duty is ingrained, it doesn’t need to be actively decided on by the board.
And you do get rich from stocks, not that you need to because it’s a retirement fund. I think you’re barking up the wrong tree trying to pin this on the fund managers. They personally don’t even care if the stock goes up, because they get a percent fee no matter what.
In addition to what ricecake@sh.itjust.works said, this would be generational warfare against…themselves. Old people are exponentially more likely to need healthcare than young people are.
Market linked retirement funds, imo rank among one of the worst regressions in American governance/society.
It broke the employer:employee relationship where your work provides a pension, and you are secured in your old age for loyalty and time worked.
It directly enabled an emboldened a new group of parasites, who run hedge funds to gamble with other people’s money whilst skimming fees up and down the transaction flows. You win, I win - you loose, I win.
And those ‘smart people’ crash the economy every 10-15 years due to their collective greed and over leveraging in order to take the maximum profit they can - or society as a whole “lands softy” due to central banks fiscal policy via inflation, and we all see where that’s landed us.
Well those hedge fund managers still worked when it was DB pensions. But it just seemed to not be as crazy as it is now.
“I was just following orders”
-said every nazi ever
@elonjet@mastodon.social
I get the profile on kbin but no posts.
I still use the correct linking because it’s supposed to work across federated platforms and if it isn’t that’s an actual issue.