this post was submitted on 19 Apr 2024
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[–] filister@lemmy.world 136 points 7 months ago (12 children)

It comes just days after Musk announced plans to cut more than 10% of its global workforce.

In a memo issued to staff Musk said there was nothing he hated more, "but it must be done".

I am speechless, are his employees and shareholders buying this ****?

[–] hahattpro@lemmy.world 50 points 7 months ago (9 children)

No, most shareholder don't have voice in big corp. Only a handful of shareholder who invest ton of cash can speak

[–] metaStatic@kbin.social 23 points 7 months ago (6 children)

I've voted in quite a few board elections as a retail investor.

Employees on the other hand ...

[–] Nougat@fedia.io 1 points 7 months ago

Protip: Your shareholder votes are not secret, so if you're voting based on your holdings from an employee stock program, you might experience retaliation if you vote the "wrong way."

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