543

I just don’t feel comfortable building a robot army here, and then being ousted because of some asinine recommendations from ISS and Glass Lewis, who have no f**king clue. I mean those guys are corporate terrorists. Lemme explain the core problem here, so many of the passive funds vote along the lines of what ISS and Glass Lewis recommend. Now, they have made many terrible recommendations in the past that if those recommendations had been followed would have been extremely destructive to the future of the company. Now, If you’ve got passive funds that essentially defer responsibility for the vote to Glass Lewis and ISS, then you can have extremely disastrous consequences for a publicly traded company if too much of the publicly traded company is controlled by index funds. It’s de facto controlled by Glass Lewis and ISS. This is a fundamental problem for corporate governance, because they’re not voting along the lines that are actually good for shareholders. That’s the big issue, I mean, that’s what it comes down to. ISS Glass Lewis corporate terrorism. -Elon Musk, Tesla Q3 shareholder conference call, October 22, 2025

you are viewing a single comment's thread
view the rest of the comments
[-] beejjorgensen@lemmy.sdf.org 43 points 1 day ago

But I was told that rich people like musk and Trump weren't swayed by money because they had enough... 😂

[-] BarneyPiccolo@lemmy.today 23 points 1 day ago

Sociopathic Oligarchs have a serious form of OCD/ Hoarding Disorder, that makes them crave even more money, no matter how much they have.

If they were hoarding cats, or rusty cars, or old refrigerators, or piles of scrap metal, etc., the authorities would intervene, and get them help for their mental illness.

But if they are hoarding money on a historically mind-blowing scale, they call them a successful businessman, and give them government grants and tax breaks.

[-] beejjorgensen@lemmy.sdf.org 1 points 12 hours ago

The kleptocracy in action.

[-] CandleTiger@programming.dev 8 points 1 day ago

If they were hoarding cats, or rusty cars, or old refrigerators, or piles of scrap metal, etc., the authorities would intervene, and get them help for their mental illness.

This is a common misconception.

“The authorities” (USA viewpoint) are really extremely unlikely to intervene in any way at all with hoarding, and even more extremely unlikely to provide any kind of useful mental health intervention.

If the hoarding is causing a public safety hazard then the authorities may eventually start fining the hoarder until they do whatever is minimally required to clear the hazard.

Much much more likely, if the hoarder is renting, the landlord may evict them which is one of the many paths to homelessness.

But by far the most common outcome is that the authorities do nothing whatsoever to stop or help with harmful hoarding behavior.

In this way, crazy aunt Florence and Elon Musk are similar.

[-] BarneyPiccolo@lemmy.today 2 points 11 hours ago

Perhaps, but it doesn't change the fact that these people have a very serious mental illness so massive that it literally affects the rest of the world. They must be dealt with properly, not encouraged to lean into their destructive mental illness by funding their follies with taxpayer money.

this post was submitted on 23 Oct 2025
543 points (100.0% liked)

Technology

76339 readers
1570 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 2 years ago
MODERATORS