1029
Wall Street Journal complains about workers using their sick days
(boingboing.net)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Oct 2023
1029 points (98.1% liked)
Not The Onion
12411 readers
442 users here now
Welcome
We're not The Onion! Not affiliated with them in any way! Not operated by them in any way! All the news here is real!
The Rules
Posts must be:
- Links to news stories from...
- ...credible sources, with...
- ...their original headlines, that...
- ...would make people who see the headline think, “That has got to be a story from The Onion, America’s Finest News Source.”
Comments must abide by the server rules for Lemmy.world and generally abstain from trollish, bigoted, or otherwise disruptive behavior that makes this community less fun for everyone.
And that’s basically it!
founded 1 year ago
MODERATORS
Wall street is the psychotic, insatiable, dehumanizing tail that wags the dog, one petulant tantrum-a-minute to the next, and the next, and the next... perpetually.
God forbid anyone in a corporate position of power try and do anything that isn't indecent and corrosively myopic, else the stampeding Dow Jones zombies go on a goddamned short-selling rampage.
But then people have been saying this for ages now, and still here we are.
EDIT: added "insatiable"
I remember a story about a CEO who decided to pay ALL of his employees well. As I remember, all of his middle management left in a huff because they no longer had their higher earnings to hold over their subordinates and feel superior, all of his friends ostracized him and he essentially became a pariah.
Yeah, Dan Price, just went to look it up. Apparently, he had to resign after some allegations against him, which turned out to be false. Something smells off about a man paying employees fairly suddenly getting trumped-up charges that never got properly investigated before being referred to the prosecutor's office literally the day after he announces the pay stuff.
https://fortune.com/2023/04/19/gravity-payments-dan-price-assault-charges-are-dropped/
He resigned because someone that has part ownership in the company sued him.
The lawsuit was basically “you’re not acting in a way that is best for the shareholders”
Or in other words “you’re paying the employees more and me less, so I’m mad at you for treating them well”
Thanks for the clarification.
The stock market should be abolished entirely. The driving force behind big business and government decisions should be humanity, not money.
The idea of public ownership and profit sharing is not a bad thing. It's the closest thing we have to the democratization of our economy.
Private companies are way more dangerous and have virtually noone to answer to.
only problem is that ownership is not widely or fairly distributed.
Absolutely!
Reality. <> This Comment.
Interestingly enough, I just put forth the argument in another thread that dismantling the stock market would address a lot of systemic problems. I’m glad it’s not just my own thinking.