- cross-posted to:
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- cross-posted to:
- [email protected]
I just don’t feel comfortable building a robot army here, and then being ousted because of some asinine recommendations from ISS and Glass Lewis, who have no f**king clue. I mean those guys are corporate terrorists. Lemme explain the core problem here, so many of the passive funds vote along the lines of what ISS and Glass Lewis recommend. Now, they have made many terrible recommendations in the past that if those recommendations had been followed would have been extremely destructive to the future of the company. Now, If you’ve got passive funds that essentially defer responsibility for the vote to Glass Lewis and ISS, then you can have extremely disastrous consequences for a publicly traded company if too much of the publicly traded company is controlled by index funds. It’s de facto controlled by Glass Lewis and ISS. This is a fundamental problem for corporate governance, because they’re not voting along the lines that are actually good for shareholders. That’s the big issue, I mean, that’s what it comes down to. ISS Glass Lewis corporate terrorism. -Elon Musk, Tesla Q3 shareholder conference call, October 22, 2025


Sociopathic Oligarchs have a serious form of OCD/ Hoarding Disorder, that makes them crave even more money, no matter how much they have.
If they were hoarding cats, or rusty cars, or old refrigerators, or piles of scrap metal, etc., the authorities would intervene, and get them help for their mental illness.
But if they are hoarding money on a historically mind-blowing scale, they call them a successful businessman, and give them government grants and tax breaks.
This is a common misconception.
“The authorities” (USA viewpoint) are really extremely unlikely to intervene in any way at all with hoarding, and even more extremely unlikely to provide any kind of useful mental health intervention.
If the hoarding is causing a public safety hazard then the authorities may eventually start fining the hoarder until they do whatever is minimally required to clear the hazard.
Much much more likely, if the hoarder is renting, the landlord may evict them which is one of the many paths to homelessness.
But by far the most common outcome is that the authorities do nothing whatsoever to stop or help with harmful hoarding behavior.
In this way, crazy aunt Florence and Elon Musk are similar.