▲ 801 ▼ Anon is a fan of GabeN (sh.itjust.works) submitted 8 months ago by Early_To_Risa@sh.itjust.works [M] to c/greentext@sh.itjust.works 228 comments fedilink hide all child comments
[–] Lee 21 points 8 months ago (2 children) A ton of companies have ESOP, but that doesn't stop enshitification because the employees generally don't own enough shares to exert control. permalink fedilink source parent hideshow 4 child comments replies: [–] nova_ad_vitum@lemmy.ca 14 points 8 months ago Those shares are also generally for sale for a high enough price. Given the immense current value of the brand, when Gabe dies vultures of every variety will start circling. If they offer employees 2x their share price to sell, enough of them will do it to lose control to investors that just want to enshittify everything and milk it's brand for every last penny as they drive it into the ground. permalink fedilink source parent [–] TwistedTurtle@sh.itjust.works 2 points 8 months ago* My company is an ESOP and shares don't give us voting rights or any actual control, it's just a monetary incentive. The C-suite/board still control everything and unilaterally makes all the executive decisions. permalink fedilink source parent
[–] nova_ad_vitum@lemmy.ca 14 points 8 months ago Those shares are also generally for sale for a high enough price. Given the immense current value of the brand, when Gabe dies vultures of every variety will start circling. If they offer employees 2x their share price to sell, enough of them will do it to lose control to investors that just want to enshittify everything and milk it's brand for every last penny as they drive it into the ground. permalink fedilink source parent
[–] TwistedTurtle@sh.itjust.works 2 points 8 months ago* My company is an ESOP and shares don't give us voting rights or any actual control, it's just a monetary incentive. The C-suite/board still control everything and unilaterally makes all the executive decisions. permalink fedilink source parent
