• TranscendentalEmpire@lemm.ee
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    1 year ago

    It’s not just shareholders, I mean that’s a huge part why public corporations endlessly seek growth. But, even private corporations are beholden to capitalism’s inherent growth imperative.

    The only way to maintain solvency is to grow. Without growth you can’t save, and if you can’t save, you can’t accumulate investment capital. Which basically means your corporation is stuck in stagnation and is being eaten alive by interest rates.

    • bigpEE@lemmy.world
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      1 year ago

      without growth you can’t save

      What? Why? If I’m making a million dollars profit a year, why can’t I just put it in a bank account or ETFs or whatever every year?

        • bastion@feddit.nl
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          1 year ago

          Putting back into your company is fine. It’s the endless profiteering that sucks, and that ultimately reduces customer experience. Steam keeps it’s niche specifically by producing a great customer experience, and getting out of the way.

          Steam is also putting back into their company. But there’s no need for enshittification. That’s a publicly-traded-company, tragedy-of-the-commons thing.

      • TranscendentalEmpire@lemm.ee
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        1 year ago

        Wtf are you babbling about? What salary man do you know that’s “elite”? They aren’t even petite bourgeoisie, they just think they are. The middle class is dead.

          • TranscendentalEmpire@lemm.ee
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            1 year ago

            A CEO isn’t a salary man… A salary man is just a white collar worker who works for a salary, not hourly. Which is typically taken advantage of by having them work a tremendous amount of unpaid overtime.

            Also, salaries are generally the least attractive part of being paid as a CEO. Taking the majority of your compensation as stock options allows you to avoid income tax.

            • KeenFlame@feddit.nu
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              1 year ago

              Then why is their salary extremely insanely out of proportion in a destructive manner orders of magnitude over any sane number?

              • TranscendentalEmpire@lemm.ee
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                11 months ago

                Their total compensation is… But, the vast majority of their compensation packages are made up of stock options and bonuses.

                I’m not claiming that they aren’t being paid way too much money, just that when people talk about a salary employee they don’t typically think of the CEO.