Comment by callalex
1 year ago
What about all the employees of the company that don’t set policy, aka the vast majority of the employees?
1 year ago
What about all the employees of the company that don’t set policy, aka the vast majority of the employees?
All change is destructive. No matter how bad something is, someone depends on how it is right now. Someone will at the very least be inconvenienced by it changing
The fact is, no company actually primarily exists to employ people, and people lose their jobs to this basic fact all the time, sometimes for no reason other than that some investor expects extremely marginal gains from signaling that they are serious about cutting costs
Also, the dissolution of a company and dispersal of its assets could include allocations for severance pay to cushion the blow if that's a concern, which is not always available to people who are hit by random layoffs
Perhaps the threat of actual extreme punishment would incentivize companies to behave such that the punishment never gets invoked?
Currently the worst thing companies ever face is a little itty bitty fine and maybe a toothless regulator telling them “Pretty please would you mind not doing that again? If it’s not too inconvenient to shareholders that is…”