>They are there to crack the whip and collect the spoils
This is historically correct
Here's a recent unambiguous proof from Tesla's own words:
"Tesla argued that stock options were used to ensure Director's incentives were aligned with investor goals." [1]
Said another way, "we massively over-paid directors in order to give them an incentive to prioritize investor goals over all other goals"
In the parlance of finance this is the only goal and the ultimate decision that cannot be questioned.
I have seen this made explicit in multiple organizations as a Director or Senior Manager. As a manager, if you are explicit in supporting employee benefits over increase in stock price or C-Suite direction (when given the choice) then you should expect no further growth or promotions (unless you can manipulate the org or have some damaging information on the company).
>Maybe another approach would be for the workers to share more equally in the spoils so that they would be naturally inclined to integrate business improvements and goals
The strong form of this is a worker-owned-cooperative but second to that are labor unions. So if you want to change it, then start/join a union and stop creating corporations with separate ownership rules for investors.
[1]https://www.engadget.com/tesla-directors-agree-to-return-735...
This is historically correct
Here's a recent unambiguous proof from Tesla's own words:
"Tesla argued that stock options were used to ensure Director's incentives were aligned with investor goals." [1]
Said another way, "we massively over-paid directors in order to give them an incentive to prioritize investor goals over all other goals"
In the parlance of finance this is the only goal and the ultimate decision that cannot be questioned.
I have seen this made explicit in multiple organizations as a Director or Senior Manager. As a manager, if you are explicit in supporting employee benefits over increase in stock price or C-Suite direction (when given the choice) then you should expect no further growth or promotions (unless you can manipulate the org or have some damaging information on the company).
>Maybe another approach would be for the workers to share more equally in the spoils so that they would be naturally inclined to integrate business improvements and goals
The strong form of this is a worker-owned-cooperative but second to that are labor unions. So if you want to change it, then start/join a union and stop creating corporations with separate ownership rules for investors.
[1]https://www.engadget.com/tesla-directors-agree-to-return-735...