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Can Engineers Stage a Coup and Take over Their Company?

utkusen.medium.com

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Re: Can Engineers Stage a Coup and Take over Their Company?

#3

Engineers in general don't have the heart and gut to play politics. Actually ordinary people don't. That's why we tolerate assholes because they are supposed to be our assholes.

You should read the articles. OP isn't writing about politics, OP is writing about crime.

Re: Can Engineers Stage a Coup and Take over Their Company?

#6
it seems like the shares should be accumulated first so the take over is not a coup, but a restructuring.

that being said, engineering the straw purchase and smurfing of shares to produce a controlling, or super-leveraging investors group sounds like what the "bad guy" does.

Re: Can Engineers Stage a Coup and Take over Their Company?

#7
post #6

it seems like the shares should be accumulated first so the take over is not a coup, but a restructuring. that being said, engineering the straw purchase and smurfing of shares to produce a controlling, or super-leveraging investors group sounds like what the "bad guy" does.

By "bad guy" you mean stereotypical management/business types, yes?

Sometimes you have to fight as dirty as the other fella is willing to.

That being said; many companies specifically structure their share offerings in such a way to keep the muggles from even being able to accrue meaningful voting rights. See Facebook/Meta's share partitioning strategy.

The fact is you have one meaningful vote: and that's "I will not work for you." After that the best you can do is raise awareness amongst others to hopefully get them to make the same decision. As usual for our capitalist system, however, greed is considered good, so the number of successes you'll see starving a project for talent will be far lower than implementations that shouldn't have been done being done because the lucre was too good for someone to pass up.

Re: Can Engineers Stage a Coup and Take over Their Company?

#10
Not exactly a new thought exercise... it's basically a communist takeover of a single given company.

A better, imo, plan would be to convince the most impactful engineers to join you in creating a new, competing company in a location where non-compete agreements aren't binding.

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