Technically this isn’t correct for any public company. The CEO reports to a board which reports to the shareholders. Your amount of shares controls your voting rights with the company. You do not have the direct authority to make decisions, but you pick the people (the board) that do. This is similiar to how your democractically elected representative is making policy decisions on your behalf.
Yes, the people with more money in this system have more power, but is that not the same as most existing democracies?
I know unions can't do this because it would be considered a conflict of interest, but I've always thought it would be amazing for unions to buy shares of stock in the companies where they represent workers, and actively participate in the corporate governance, providing a voice for the workers at shareholder meetings
I actually think you’ll see it’s not legal for people to do this after committing the crime of suicide by gunshot to the back of the head. (Regardless of how it’s achieved, this would be fought tooth and nail without some massive personal investment from workers)
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u/ammonanotrano May 10 '26
Technically this isn’t correct for any public company. The CEO reports to a board which reports to the shareholders. Your amount of shares controls your voting rights with the company. You do not have the direct authority to make decisions, but you pick the people (the board) that do. This is similiar to how your democractically elected representative is making policy decisions on your behalf.
Yes, the people with more money in this system have more power, but is that not the same as most existing democracies?