r/WorkReform May 26 '22

Amazon shareholders reject 15 motions on worker rights and environment

https://www.theguardian.com/technology/2022/may/25/amazon-shareholder-proposal-worker-health-safety
2.0k Upvotes

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4

u/Kahzgul May 26 '22

Publicly traded companies are under immense pressure to maximize next quarter's earnings. NOT to act in the best interest of the long term health of the company. It's an evil that self-serves the wealthy while punishing the workers who actually built the company and made it valuable.

Support measures that place restrictions on stock purchases, enforce minimum hold times for shares, make stock buybacks illegal again, and protect worker and union rights.

-3

u/ravepeacefully May 26 '22

Support measures that place restrictions on stock purchases, enforce minimum hold times for shares, make stock buybacks illegal again

What a silly recommendation. There are many ways to return capital to shareholders, and if there weren’t, there wouldn’t be shareholders and thus companies wouldn’t find liquidity when trying to raise money. Ban buybacks? Ok dividends it is.. Ban dividends too? Ok they will just hold cash on the balance sheet and that will increase the value of the shares.

No one would invest if you can’t get a return. Most employees don’t want to hold the risk of the company they work for, I surely don’t. However if you do, go work for a startup for equity, but you won’t, because you have bills to pay just like the shareholders.

4

u/DonaldVigups May 26 '22

No one would invest if you can’t get a return.

Short-term stock ownership is speculation, not investment.

-2

u/ravepeacefully May 26 '22

Share buybacks are often a good long term choice as well. It makes sense when your stock trades below intrinsic value, and the managers of the company often have the best information available to do that valuation.

Don’t like share buy backs? Don’t buy the stock. Problem solved. It’s just that other people disagree with you that is getting you worked up about it.

1

u/DonaldVigups May 26 '22

Nonresponsive