This continual drain on the economic exchanges within a community by a third party shareholder external to that community results in continual, ever increasing concentration of wealth.
This continual drain on the economic exchanges within a community by a third party shareholder external to that community results in continual, ever increasing concentration of wealth.
Dropped Call With #CustomerService? It Was on Purpose.
Endless wait and excessive procedural fuss—it’s part of a tactic called “sludge.”
There was a time when happiness of customers was sacred metric. CEOs saw long arc of loyalty as essential to company’s success. That arc has snapped. Everyone still claims to value customer service, but as CEO tenure has shortened, executives have become more focused on delivering quick returns to #shareholders.
https://www.theatlantic.com/ideas/archive/2025/06/customer-service-sludge/683340/
https://archive.ph/pjFam
They do it with striking #workers too. #Railway workers on #strike, resulting in a #shortage of #food delivered on the shelves? It’s the striking workers fault! Not the #greedy #investors and #shareholders who refuse to sacrifice a tiny sliver of a percentage of #profits just so they can have a few paid days off.
More Japanese companies are giving gifts at their annual general meetings, which could increase the ranks of loyal retail investors as pressure from activist investors grows. https://www.japantimes.co.jp/business/2025/06/23/companies/freebies-annual-shareholders-meetings/?utm_medium=Social&utm_source=mastodon #business #companies #stocks #investments #shareholders
Apple sued by shareholders for allegedly overstating AI progress https://www.byteseu.com/1123434/ #AI #Apple #ArtificialIntelligence #business #iphone #Lawsuits #shareholders #TECH #TimCook
https://www.europesays.com/2173630/ ‘Golden parachutes’ for Australia’s top corporate leaders drop to lowest level in 15 years #asx #ASX200 #australia #AustralianBusinesses #AustralianChiefExecutives #AustralianCouncilOfSuperannuationInvestors #bonuses #CEO #CEOPay #ChiefExecutive #corporates #GoldenParachute #HighPay #pay #salary #shareholders #TerminationPayments
Chief #JonathanShetush: “It’s a private field of New York City #billionaires, #shareholders, and lawyers, NHL hockey team owners,” said the sworn chef for the first time last week. “It is not normal for Americans to still own the Mishta-Shipu River by 2025. I want Quebec to buy back the club and give it back to the Innu so that it is managed by Innus, with our own fishing codes, our own values, respect for salmon, all that. ”
@PariaSansPortefeuille @MusiqueNow
#LandBack #FirstNations
#IndigenousNews #CorporateColonialism
#Innu #Quebec #CanadaPol #USPol
#Starbucks #CEO admits the struggling chain made a big mistake Keep up the great #work everyone. I love to see these #corporations and their #shareholders #suffer
https://www.thestreet.com/restaurants/starbucks-ceo-admits-the-chain-made-a-major-mistake
Google settles shareholder lawsuit, will spend $500M on being less evil https://arstechni.ca/vDwm #shareholders #antitrust #business #Google #google #Tech
https://www.europesays.com/2120835/ Laurentian Bank of Canada reports second quarter 2025 results #bank #Canadá #LaurentianBank #LaurentianBankOfCanada #Shareholders'Equity
Then there’s this:
#Tesla blocked #shareholders who own less than 3% of its shares from suing its directors or officers on behalf of the electric vehicle maker for #breach of duties, acc/to a filing with the U.S. #Securities & Exchange Commission on Friday.
3% of Tesla's shares amounts to about 97 million shares worth about $34 billion as of Friday's close.
#Musk #DumpsterFire #law #SEC
https://www.reuters.com/sustainability/sustainable-finance-reporting/tesla-blocks-stockholders-with-less-than-3-shares-suing-officers-its-behalf-2025-05-17/
'When #billionaires like #ElonMusk justify their motives by using “#freedom,” #beware. They actually seek freedom from #accountability. They want to use their vast fortunes to do whatever they please — unconstrained by #laws or #regulations, #shareholders, even #consumers.'
https://robertreich.substack.com/p/when-billionaires-talk-about-freedom
#PeterDrucker in 1954: "In reality the Board as conceived by the lawmaker is at best a tired fiction. It is perhaps not too much to say that it has become a shadow king. In most of the large companies, it has in effect been deposed and its place taken by executive management."
#BoardManagement #shareholders
https://www.kornferry.com/insights/briefings-for-the-boardroom/buffett-s-beef-with-directors-
https://www.europesays.com/1964775/ Occidental Petroleum Corporation (NYSE:OXY) is largely controlled by institutional shareholders who own 49% of the company #CrudeOil #CrudeOilPrice #InstitutionalOwnership #OccidentalPetroleum #OilPrice #petroleum #shareholders
https://www.europesays.com/1955413/ Institutional investors own a significant stake of 37% in International Petroleum Corporation (TSE:IPCO) #CrudeOil #CrudeOilPrice #IndividualInvestors #InstitutionalOwnership #institutions #InternationalPetroleum #InternationalPetroleumCorporation #OilPrice #petroleum #shareholders
And round & round we go
#ElonMusk must face #Twitter #shareholders’ lawsuit over alleged #securities #fraud
A proposed class-action lawsuit against #Musk and his family office #Excession can proceed in federal court, a judge ruled Friday, after the #tech centi-billionaire sought to have the case dismissed.
The case is Rasella v. Musk (Case No. 1:22-cv-03026-ALC-GWG) in the SDNY.
https://www.courtlistener.com/docket/63230072/118/rasella-v-musk/
#law #SEC
https://www.cnbc.com/2025/03/28/elon-musk-must-face-twitter-shareholders-lawsuit-over-alleged-securities-fraud.html
https://www.europesays.com/1945264/ Hungary’s MBH Bank Said to Tap Citi as State Mulls Stake Sale #bloomberg #BudapestBank #CitigroupInc. #hír #hungary #Magyarország #MBH #shareholders
https://www.europesays.com/1943084/ Musk’s War on Delaware Spurs Bill Pushed by Private Equity #bloomberg #ChanceryCourt #ControversialBill #CorporateLaw #delaware #ElonMusk #Musk #PrivateEquity #PrivateEquityFirms #shareholders
https://www.europesays.com/1942529/ An oil pumping station in Russia burned for a week after a drone strike. The company says it’s affected shareholders. #CaspianPipelineConsortium #Conflicts #DroneAttack #DroneStrike #geopolitics #PumpingStation #Russia #RussiaAndUkraine #RussianOil #shareholders