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Joined 11 months ago
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Cake day: August 16th, 2023

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  • The CEO is chosen by the board, which is chosen by the shareholders. The shareholders have the ultimate power, if they can unite on a goal/decision. Overwhelmingly, the only thing they can agree on is that they want to make the most money. They often can’t even agree on how to go about that.

    So, the board won’t fire him because the shareholders won’t force it. The shareholders won’t force it because they want the most money, and musk as CEO seems to be the best path, or at least not a problematic one.

    As for how that can be, it gets into how absurd Tesla stock is in the first place. There was a period where Tesla’s market cap (total value of all shares) was higher than the entire rest of the auto industry combined. This was despite having no feasible path towards that level of production, and even growth in general wasn’t looking too hot.




  • Nollij@sopuli.xyztoMemes@lemmy.mlMusic to my ears
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    1 month ago

    Please be better than this. It’s the mirrored version of ‘owning the libs’, and it hurts us all in the end.

    That said, I am very pleased that justice has been served. We need to hold more politicians accountable, both at the polls and in the courts.


  • “Let’s imagine: It’s time to elect a world leader, and your vote counts. Which would you choose:

    “Candidate A: Associates with ward healers and consults with astrologists; has had two mistresses; chain-smokes and drinks eight to ten martinis a day.

    “Candidate B: Was kicked out of office twice; sleeps until noon; used opium in college; drinks a quart of brandy every evening.

    “Candidate C: Is a decorated war hero, a vegetarian, doesn’t smoke, drinks an occasional beer, and has had no illicit love affairs.

    “Which of these candidates is your choice? You don’t really need any more information, do you? Candidate A is Franklin Roosevelt. Candidate B is Winston Churchill. Candidate C is Adolf Hitler.”

    Biased and selective comparisons can prove anything.