This isn’t a case of being punished for doing the right thing. The right thing is retaining control of your own company and doing so is not “authoritarian”.
Sorry but IMO this sort of company structure should not be allowed. Private companies should not be able to issue stocks the way Zuck & Elon have. Pull Meta’s charter and redistribute their assets. Let that serve as a notice to Elon that he’s next.
Under that standard why not just strip you of all your wealth and property and redistribute it? You’re not deserving of anything at all.
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Ask almost anyone here and they'll tell you that the C-suite are mostly a bunch of morons who don't know anything about technology, and now you want to ensure that businesses can only ever be run by such technologically illiterate morons, not founders? Insanity!
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Sorry but making laws retroactive is authoritarian. We should make it illegal to propose such things and put you in prison.
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No, it's a case of consequences for making incredibly poor personal decisions while being in a very visible position in a very visible company.
The man is smart enough to know he was playing with fire, and he got burned. The literal definition of FAFO.
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To be honest, I don't know how to succinctly tell you that this is a bad take. For starters, that company has hoovered enough tax money that we should all be on the board. Secondly, encouraging family feudalism is crazy if you even claim to be a supporter of capitalism and the free market. Thirdly, you're not a tech baron and never will be, especially if you can't trust that your investments are concerned with your interests and goals due to CEO exceptionalism. Just saying. If he was a judge, he would be disbarred. This company wants to be a stupid percentage of our GDP, so they're gonna have to suck it up and hold themselves to the standards of a public office.
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