54 upvotes, 3 direct replies (showing 3)
Well, we've just gotten started. Hopefully, soon, they won't.
Comment by No-Spoilers at 08/12/2024 at 00:35 UTC
39 upvotes, 2 direct replies
The French really did impart some good stuff on history
Comment by j0mbie at 08/12/2024 at 01:20 UTC
2 upvotes, 1 direct replies
The CEO wasn't a billionaire. His net worth was closer to $50 million. Mostly because he was young, so he hadn't accumulated huge amounts of wealth.
The largest shareholders in United Healthcare are Vanguard and Blackrock, at about 9% and 8% respectively. Blackrock and Vanguard each own part of the other, both in the single digits of percentage. They also own small portions of practically every major publicly traded company, but again in the single digits -- not enough to actually dictate policy all on their own.
Most billionaires own a web of investments. *Collectively*, they put pressure on these companies to always make their investments go up. However, they don't exert this pressure on a daily activities basis on the CEOs. It's more like the Sword of Damocles hanging over their heads, saying "make the stock price go up or we will become angry".
It's really a weird "machine" spread out among *many* individuals that exerts this pressure. The death of the CEO, the fall of a company, or the absence of some of the billionaires won't charge this. It'll just cause some assets to be shifted slightly around. The failure of one piston won't cause the engine to seize if that engine has thousands of pistons.
Fear may be a detrimental factor, but likely it will just result in an increase of bodyguards and security.
Comment by AncientSith at 07/12/2024 at 23:19 UTC
5 upvotes, 0 direct replies
Only real solution.