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chairmansteve 14 hours ago

"How will you fight the inevitable slide that happens if you ever got on top?".

Don't get too greedy. There must be examples... 37Signals?

d4mi3n 14 hours ago | parent | next [-]

"Don't get greedy" and similar variations assumes intent rather than what I see as the reality of how companies operate within the US--not a failing of individual virtues. If you're a public company, your shareholders will want stock prices to go up and are more than happy to use their shares to vote for whoever is willing to make that happen.

This is, of course, an exaggeration. Not all shareholders value profits above all else, but many big ones do. Ignoring what incentives (and disincentives) are put on a business drive it's behavior. If you want something contrary to those incentives, you need to change those pressures or you're doomed to be disappointed.

extraduder_ire 11 hours ago | parent [-]

Is there a minimum percentage of voting stock you have to issue in US law? IIRC, google is split in half into voting and non-voting shares with a clause in their incorporation to buy back shares to keep their prices roughly equal.

sehansen 5 hours ago | parent [-]

There isn't. Snapchat went public by issuing only non-voting shares to the open market.

hatthew 13 hours ago | parent | prev | next [-]

Valve is arguably a good example

chuckadams 12 hours ago | parent [-]

Valve is also of course a privately held company.

justinclift 13 hours ago | parent | prev [-]

Maybe B corporations?

wiether 6 hours ago | parent [-]

Outside of the tech world, Unilever is one of the worst mega-companies in basically everything they do.

Yet, their ANZ branch is certified since 2022: https://www.bcorporation.net/en-us/find-a-b-corp/company/uni...

B Corp enshitified itself, trying to get bigger, instead of staying true to its (supposed) mission