this post was submitted on 17 Aug 2023
2592 points (97.4% liked)
Technology
60052 readers
2902 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There's an ethical consideration when you sell a company. Dorsey and co. took a big payout and this is the result. I was thinking earlier about how this probably wouldn't have been happened if you had an even equity split across the company's employees.
It was a corporation. Corporations exist to get shareholders paid. You can't expect those to not be for sale for the right price, which in this case was more than it was worth. If you want the people running companies to make decisions based on ethics, you should ban publicly traded corporations first otherwise it's just not happening.
I mean, they routinely make the unethical decision. They probably wouldn't be in the position to make it in the first place if they didn't already have dollar signs in their eyes. And I've been around enough tech companies to know that's usually the way it breaks down.
You're right, this is the only decision where we can't judge Dorsey's ethics, and we should be attacking a dozen other positions and mistakes he's made. If it would even help; twitter addicts probably don't wanna hear it.
I recall Dorsey publicly coming out in support of Elon's Twitter well after the sale. Maybe there was no ethical conflict for Dorsey and he likes what he sees.
Yeah, maybe all of this wouldn't have happened if the equity was split among the employees.
Showing ongoing public support is often written into the contract with these big deals; Dorsey probably has to say he supports Musk for a few years at least