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SYSTEM_ERROR_BORED_SEATS

                                             December 16, 2022
                                             March    18, 2023

About "System Error" (2021):
                                          SYSTEM_ERROR


Into the second component of their "An Agenda":

    "The second component is giving greater voice in
    companies to those who are likely to be hurt by
    technological change. Many corporations continue
    to be governed by the idea of maximizing
    shareholder returns, but there are alternatives
    to consider.  A host of legislative proposals
    motivated by a vision of 'stakeholder
    capitalism' (rather than shareholder capitalism)     I note that ideas
    represents a meaningful next step to redefining      for worker co-ops
    corporate responsibility, giving workers greater     and collective
    power on corporate boards and reducing the           management typically
    incentives for company directors to privilege        (though not always)
    short-term profits over long-term returns."          run into burn-out
                                                         issues-- people
                                                         get tired of the
                                                         incessant meetings
                                                         and politicing and
                    Is worker representation             long for a little
                    presumed to be more far-             local fascism to
                    sighted?  Sometimes it               simply their lives.
                    might be, though that's
                    not a given.  Unions are
                    commonly accused of
                    resisting new technologies
                    that might improve
                    efficiency when they're
                    percieved as a threat to
                    existing jobs.


    "These proposals go beyond simple expressions
    of CEOs' commitment to a broader group of
    stakeholders; they include concrete legislative
    mandates, for example, the creation of a new
    federal charter for companies that would
    require them to consider the interests of all
    stakeholders; or a requirement that employees
    directly elect 40 percent of the governing
    boards of large corporations; or the placing of
    significant restrictions on the ability of            Preventing management
    directors and officers to sell shares of a            from treating a
    company they recieve as equity, in an effort to       start-up as a stock
    diminish the unhealthy focus on short-term            scam sounds like a
    shareholder returns.  Elizabeth Warren's              great, eminently
    Accountable Capitalism Act, introduced in 2017,       doable move.
    provides just one example of the form this
    might take, and broader coalitions are forming
    around new proposals for corporate governance
    reform."

                                      You have to wonder about these
                                      non-specific, unreferenced claims.
                                      Broader coalitions?  Who, exactly?
                                      Have they gotten anywhere in the
                                      last few years?








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