It’s not about the CEO having another jet. Most CEOs are just employees and will be replaced in a heartbeat if they don’t perform, i.e. squeeze every last penny out of their employees and customers while not giving a single fuck about the future habitability if this planet. Corporations are owned - through several layers of obfuscation - by the 0.01% and you won’t see most of those because they know better than seek the limelight.
And even if they aren’t they’re the product of a system seemingly designed to perfectly produce the tragedy of the commons every time. Through a mutual fund I own a small portion of several companies, I don’t get to vote in any of their boards, all it is to me is a financial vehicle. Because of that my mutual funds are always going to prioritize those companies maximizing value in the short term as that’s what stock price is. While in a coop or a privately held business the people in charge may decide to take less profit now in the hopes of 10+ years from now having more profit or maintaining a stable business environment, when all a company is to its mass of owners is a financial vehicle that can be traded easily they don’t care if it’s Exxon or Apple, either is just a number.
It’s not about the CEO having another jet. Most CEOs are just employees and will be replaced in a heartbeat if they don’t perform, i.e. squeeze every last penny out of their employees and customers while not giving a single fuck about the future habitability if this planet. Corporations are owned - through several layers of obfuscation - by the 0.01% and you won’t see most of those because they know better than seek the limelight.
Fair enough, let’s say major shareholders
And even if they aren’t they’re the product of a system seemingly designed to perfectly produce the tragedy of the commons every time. Through a mutual fund I own a small portion of several companies, I don’t get to vote in any of their boards, all it is to me is a financial vehicle. Because of that my mutual funds are always going to prioritize those companies maximizing value in the short term as that’s what stock price is. While in a coop or a privately held business the people in charge may decide to take less profit now in the hopes of 10+ years from now having more profit or maintaining a stable business environment, when all a company is to its mass of owners is a financial vehicle that can be traded easily they don’t care if it’s Exxon or Apple, either is just a number.