https://www.europesays.com/2048300/ Who Is Greg Abel, the Heir Apparent to Warren Buffett? #america #AnnualShareholderLetter #BerkshireHathaway #board #business #CEO #company #Energy #GregAbel #Hockey #SameYearBuffett #shareholder #successor #UnitedStates #UnitedStatesOfAmerica #university #US #USA #WarrenBuffett #weekend #year

The supremacy of the shareholder has inverted the relationship of business to customer.

In the old days the customer was the reason for the business. People wanted stuff, a business made stuff and sold it to them.

Today, shareholders demand returns, and customers are the mine from which businesses extract those returns. What the customers -want- is kinda beside the point. The ends (shareholder returns) generally justify the means (whatever they do to customers).

Businesses can extract value by misleading customers, by making it hard for customers to get out of paying, by jacking up fees/prices even if the business's costs didn't increase.

Businesses can also extract value from employees through wage theft, hiring practices, promotion practices, etc.

Value is value, and shareholders don't care whether it's extracted from customers or employees, just that it IS extracted and it is given to them.

Businesses would never dare treat shareholders the way they treat customers.
#business #shareholder #capitalism

So much for buying it.

Sony is now FromSoftware owner Kadokawa's largest shareholder

https://www.eurogamer.net/sony-is-now-fromsoftware-owner-kadokawas-largest-shareholder

Wrote something negative about #Nestlé & 5.04%* shareholder #Blackrock (BLK) on Reddit and got banned twice directly after ;)

Looked it up & found out #BLK is invested in one of the major shareholders

#Reddit #shareholder:
-11% Tencent

#Tencent shareholder:
-2.22% BlackRock
-2.68% The #Vanguard Group (owns 8.67% BLK)
-...
Very weird

Is it safe to negatively write about BLK here?

*per last statement

https://en.wikipedia.org/wiki/Reddit

https://en.wikipedia.org/wiki/Tencent#Largest_Shareholders

“The narrative as a whole is based on a telling of the story of #capitalism on two time scales: the decade of the 00’s (which spanned three significant financial scandals: the 2000 bubble collapse, the 2005 options backdating scandal and the subprime crisis) and the post World War II half-century, which spanned a watershed shift in 1976 towards #shareholder returns becoming the dominant performance metric for businesses.”

#VenkateshRao

https://www.ribbonfarm.com/2011/09/08/fixing-the-game-by-roger-l-martin/

Breaking News: Best Buy offers to screen LGBTQ nonprofit donations after conservative pressure, filing shows

https://www.nbcnews.com/nbc-out/out-news/best-buy-offers-screen-lgbtq-nonprofit-donations-conservative-pressure-rcna145603

“The last big #corporate jazz hands was the #ESG movement, purporting to prioritize environmental, social, and governance concerns over #shareholder returns.”
- Scott Galloway

https://medium.com/@profgalloway/mammon-75c2b0862200

#SAGFTRA announcement on the current state of negotiations with the #AMPTP.

It's notable that the #studios, as noted in the release, are apparently using the same tactic of leaking misleading or false information regarding the initial rounds of in-person meetings as they did with the #WGA.

Is the AMPTP doing this to protect themselves from subsequent #shareholder #lawsuits prior to acceding to most, if not all, of the union's demands?

https://www.sagaftra.org/message-your-negotiating-committee-0

On the day that public records revealed that #ElonMusk had become #Twitter’s biggest #shareholder, an unknown sender texted the billionaire & recommended an article imploring him to acquire the #SocialNetwork outright.

#Musk’s purchase of Twitter, the 3k-word anonymous article said, would amount to a “declaration of war against the Globalist American Empire.” The sender of the texts was offering Musk… a playbook for the takeover & transformation of Twitter.

https://www.nbcnews.com/tech/was-elon-musks-strategy-twitter-rcna118490

"Ever notice it's always, "these #workers #striking will hurt the #economy," not, "these #corporations (which are making record #profits) are hurting the economy by #exploiting and #abusing their workers until the workers refuse to take it anymore."

It's always, "giving raises and benefits and time off to workers will cause inflation," not "#CEOs and top execs getting millions in yearly raises and bonuses, and large corporations #price-gouging to line #shareholder pockets is causing inflation."

As #MalcolmX said, "If you're not careful, the #newspapers will have you hating the #people who are being #oppressed, and loving the people who are doing the #oppressing."

https://www.tumblr.com/anarchywoofwoof/728449184918880256?source=share

#Trump’s #media #StartUp announced in Oct 2021 that it planned to #merge w/a Miami-based co called #DigitalWorldAcquisition…

Now, almost 2yrs later, … w/the #merger stalled for months, #DigitalWorld is fast approaching a Sept 8 deadline for the merger to close & has scheduled a #shareholder meeting for Tues in hopes of getting enough votes to #extend the deadline another year.

#Tech #SPAC #InsiderTrading #SEC
https://www.washingtonpost.com/technology/2023/09/02/truth-social-trump-media-digital-world/

It’s funny how most companies waaaaaayyy overvalue a narrow set of #quantitative #metrics to the exclusion of every other form of knowledge, and yet success for a publicly-traded company is based on…#shareholder vibes?

At long last, the #ChurchOfEngland has recognised the futility of #shareholder "#engagement" and is divesting from #oil
#ClimateChange #disvestment #religion #Christianity
https://www.churchofengland.org/media-and-news/press-releases/church-england-pensions-board-disinvests-shell-and-remaining-oil-and

#shareholder activism is on the rise: US companies targeted by activist investors typically outperform their sectors initially, but the results tend to be mixed, chart @GoldmanSachs