197
Tesla seeks to award Elon Musk $56bn pay package | BBC
(www.bbc.com)
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 19 Apr 2024
197 points (92.6% liked)
Technology
69846 readers
3292 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
I've voted in quite a few board elections as a retail investor.
Employees on the other hand ...
your votes don't make any impact or just to look good on paper work (that they actually let retail investor vote).
There is, to my knowledge, not a single public company out there where retail investor votes outweigh the sum total of corporate/rich people investment. There are some rare outliers where retail investors hold as much or more weight than any individual company invested but as soon as you even just add 2nd place on the corporate investment ladder that sliver of relevance fades away again.
Not to mention getting a few million retail investors to pull in the same direction is a lot harder than getting 6 corporations to agree on the same matter.
if they didn't matter the big money running the campaign against the incumbent board wouldn't have been soliciting votes.
also the biggest vote you have is taking your ball and going home.
I did that after the Cybertruck was shown the first time.
Unless you have to mention that you're a significant shareholder when making trades of the stocks, you have zero influence on what the company is doing.
Protip: Your shareholder votes are not secret, so if you're voting based on your holdings from an employee stock program, you might experience retaliation if you vote the "wrong way."