Democracy is coming to the last bastion of dictatorship in modern western world. It won't be pretty - but it will lead to better companies
But public company democracy is hugely problematic; modern shareholders think as a herd and work on 60 day time scales. Fortune 500 companies need diverse signals (and sophisticated risk management) and visionary management - creating processes, people and markets over decades. This is the model of the private market, but sans the potential for fraud and collapse.
It still is a feasible idea imo. And would lead to an lot of new agm items !
There's definitely a loophole with "too big to fail" companies. Maybe those should be run more democratically. I'm not sure, I've never worked for a company that couldn't just fail if it persistently made the wrong call.
Just take simple comparisons of population (I know I know) and the smallest states like islands have tens of thousands - of the 233 nations in the UN we reach only 100k people at 200, and companies like Bank of America employ more people than "real I have heard of them" places like Iceland.
So I like the idea of just letting companies fail - but putting half a million people out of work is pretty bad.
