Sure, if the CEO is replaced by someone else who can manage the company, sure. But you cannot generally expect people to manage themselves. That’s why communism never worked and never will.
Also, what is according to you a glorified casino?
Your comment does not make sense. In communist countries, companies still have CEOs, they just don’t have private shareholders, they are owned by the state. Not that I care about that.
And what I call a casino is the NYSE, when stocks offering no dividends are pumped to the stratosphere, with purely speculative buys.
Sure, if the CEO is replaced by someone else who can manage the company, sure. But you cannot generally expect people to manage themselves. That’s why communism never worked and never will.
Also, what is according to you a glorified casino?
Your comment does not make sense. In communist countries, companies still have CEOs, they just don’t have private shareholders, they are owned by the state. Not that I care about that.
And what I call a casino is the NYSE, when stocks offering no dividends are pumped to the stratosphere, with purely speculative buys.