this post was submitted on 01 May 2024
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Rebel shareholders such as Alta Fox have been touting the radical concept of investing in the business, creating good products, and selling them.
You know, instead of screwing up relationships with long-term business partners, sending hired heavies to their fans' houses, and driving their customers to their competition.
So crazy it just might work.
The meme refers to the landmark Ford case where the shareholders successfully sued him to prevent the company from issuing a bonus to share profits to employees. This nefarious precedent turned corporations into the monsters they are today.
Obligatory Ford was a POS that did some things right.
I mean, let's not pretend Ford was paying his employees well and setting workweek standards because it was the right thing to do either - he did it because he wanted to retain productive employees and also to make them customers, and that it happened to actually be beneficial for them and the working world at large is a byproduct. Not often mentioned with that $5 workday is the fact that he would send agents to employees' homes to ensure they were being kept clean and that the employees themselves weren't drinking.