Not surprising when I think about all the different ways the extremely wealthy have corrupted all of our democratic and regulatory institutions, but it’s pretty ironic that only privately held companies can respond to public feedback in a healthy way these days
There’s absolutely no obligation to be penny pinching for public companies, the leadership is obligated to act in the best interests of the company but that’s about it.
The motivations and reward schemes may be very different, public company CEO may be incentivised to maximise share price for instance and that may attract the kind of psychopath that will try and maximise share price by penny pinching - equally I don’t think anyone could make a serious argument that being more like Steam would be acting against the best interests of a company selling games.
public company CEO may be incentivised to maximise share price
It’s not even really CEOs that make all the bad decisions. Layoffs for instance are almost always in reality a direct decision by the board, and the board members of public companies are usually even worse people (and in many cases just a direct representative of a bigger company so it bubbles to the same worst people at the top) than the CEOs, as hard as that is to believe
Not a public company, makes big difference
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Not surprising when I think about all the different ways the extremely wealthy have corrupted all of our democratic and regulatory institutions, but it’s pretty ironic that only privately held companies can respond to public feedback in a healthy way these days
Hyper-Capitalism? Nooo.
//RETRO//-Captialism? … significantly better by comparison.
Terrifying, but true.
‘Stakeholder Capitalism’ turned out to be approximately the same degree of bullshit as ‘Abundance Agenda’ is now.
You say that, but spaceX wasn’t a public company 3 weeks ago either.
SpaceX was also founded and largely owned by Elon Musk.
That was rather my point, public or private company doesn’t really matter much compared to the leadership.
Public companies must be penny pinching
Private companies have the choice not to be
There’s absolutely no obligation to be penny pinching for public companies, the leadership is obligated to act in the best interests of the company but that’s about it.
The motivations and reward schemes may be very different, public company CEO may be incentivised to maximise share price for instance and that may attract the kind of psychopath that will try and maximise share price by penny pinching - equally I don’t think anyone could make a serious argument that being more like Steam would be acting against the best interests of a company selling games.
It’s not even really CEOs that make all the bad decisions. Layoffs for instance are almost always in reality a direct decision by the board, and the board members of public companies are usually even worse people (and in many cases just a direct representative of a bigger company so it bubbles to the same worst people at the top) than the CEOs, as hard as that is to believe
What did they do to gamers
Oh, didn’t notice the part you specified gamers