Cool cool, I’m not sure the shareholders care about jobs
248
DigLivid13502 days ago
+38
You can be sure about your statement
38
NYIsles552 days ago
+26
They care very much about jobs. The less people they have to pay the better for them.
26
MentalDisintegrat1on2 days ago
+10
Funny I don't care about shareholders
10
olearyboy2 days ago
+9
I wish that was true, but nearly everyones retirement funds are tied into indexes that contain these shitty stocks
9
Mrs_SmithG2W2 days ago
+11
There is no reason why our economic system cannot include ethics, a thought for the greater good, people and planet before profit, but still profit.
It is a made up system by humans in the first place, that is and always was incompatible with our natural system of earth. Infinite growth on a finite planet doesn’t work and we are seeing the consequences of this mismatch more and more, day by day.
We will need to find a new way forward regardless, we might as well start now!
💪🏼🌍🖖🏼
11
TheWorclown2 days ago
+5
The problem is just wealth addiction. It simply isn’t enough to have a lot, because these people view themselves in direct competition with others who have a lot. They need more than them, and every time you scratch that tangible itch of monetizing everything, the addiction gets worse.
5
olearyboy2 days ago
+3
The answer has always existed - caps
Force companies to split into independent organizations before they become too large.
There's no way to become large without becoming evil
3
BowlEducational67222 days ago
+85
I hope the WB curse is real and that Paramount chokes on it.
85
welltherewasthisbear2 days ago
+40
I think that Netflix saw Paramount’s move and thought that if they wait they can get 2 studios with big IP in a liquidation sale in the future.
40
olearyboy2 days ago
+12
Oh it's real - I was in AOL when they 'bought' Time Warner.
AOL lied, Time Warner spent the next decade trying to crush AOL which it was doing to itself, and it spawned iTunes because it wanted to not sell catalogue access to AOL and gave it to Apple because they believed Apple was a niche hardware company that wouldn't do anything with it....
\*steps down from soapbox\*
12
neverendingchalupas2 days ago
+7
Paramount will expect consumers to be responsible for the massive amount of debt, so expect... rate increases, reduction in quality of service, and loss of content.
I canceled awhile ago. The merger shouldnt be allowed, but oh well.
7
tonybananaman2 days ago
+2
I need to cancel mine as well. I only use it for SpongeBob
2
Blacknite452 days ago
+13
With the debt the company got in, the mass job loss was inevitable.
13
ConstructionRare41232 days ago
+6
Shareholders don’t care about jobs they care about money
6
johnn482 days ago
+8
The problem with Capitalism is its primary premise that “Greed is Good!” So the shareholders will vote for the merger, but will vote against executive payouts. So it fuels innovation, but doesn’t fuel social welfare unless creatively framed.
8
toddywithabody2 days ago
+46
I’m a shareholder and voted no. Honestly I will make money if the deal goes through but not that much. It was a pretty shitty offer. I assume it’ll go through but f*** em, I voted no.
Not that my measly shares will move the needle at all
46
zooorrt2 days ago
+15
Same. And the letter they wrote pushing the vote was disgusting.
15
TanAllOvaJanAllOva2 days ago
+6
Ya, the thing shareholders care about—-other people’s jobs
6
CaliggyJack2 days ago
+2
You need to tell them why the merger is bad for business, not about people they don't care about losing their job.
2
BusyView66172 days ago
+2
There are those that still have morals, and they need to keep speaking out so the public knows there's a better way. The younger generations are going to be part of the solution here because they see what the situations is and aren't buying into it. They will be the ones who hopefully start voting to get the changes they want, and in the process start cleaning up thus mess. Once people see what could be, the different groups will join together and change will occur.
2
SageofLogic2 days ago
+2
shareholders don't have consciences silly
2
braxin231 day ago
+1
Indeed they don’t.
1
Adequate_Images2 days ago
+2
And they all said “f*** you commie! I’m getting mine!”
2
MrShadowKing20202 days ago
+2
Unfortunately, the shareholders chose to be greedy sociopaths.
2
keytiri2 days ago
+2
Doubtful it’s hard for the “ownership class” to resist selling out for a quick buck. My uncle is in finance, something in private equity, I was internally aghast when he recommended that my father sell his clinic to a “roll-up.” Dad’s in a bit of a tough spot since none of us kids followed him into healthcare and he had the unfortunate choice of setting up in a red state (got what he voted for imo). I do think he’s realized he made a bit of a mistake and that’s why he’s still “working,” but that doesn’t really change his predicament.
Fortunately my brother and his wife are local to them atm, and I’ve been urging parents to treat them better; they seem to think we can afford to wait for “our turn,” while the people they voted for run the country into the ground.
2
SidJag1 day ago
+2
“They didn’t”
Narrator from Arrested Development, cue theme
2
Sc08252 days ago
+5
Remember when they said that this guy would turn out to be a terrible person. Funny how he isn’t and those who spoke against him are
5
AdVegetable80562 days ago
+8
I'm a Mamdani supporter, but even I know that the shareholders are obviously gonna unanimously approve this merger. I don't understand why he's talking about this. Can't wait for conservatives acting like this is gonna be a huge fail for Mamdani today.
8
[deleted]2 days ago
+1
[removed]
1
toddywithabody2 days ago
+6
His mother is Mira Nair? She’s a great director. Check out Mississippi Masala. Great Denzel performance and amazing movie.
6
BergmanGirl2 days ago
+8
He's a big movie guy. His mom's a director. This merger is bad for movies as a whole, bad for workers in the industry, and honestly bad for democracy as a Trump-friendly media company consolidates power in the film industry. He's not going to have much sway probably, but it takes very little to speak on this.
8
nonsensestuff2 days ago
+4
You don’t think NYC — a major hub for tv/movie production— would be impacted by this??
Not only are the people who work as talent or crew impacted, but the businesses that support the productions are too— down to the place they order lunch from.
4
Entire_Dog_58742 days ago
+4
Because there are thousands of related jobs here along with the headquarters at 1515 Broadway. Try to keep up.
4
Mrs_SmithG2W2 days ago
+6
Yes. This is what we need- a fearless fighter for the people with moral clarity. More of this please!💪🏼🌍🖖🏼
6
CarolinaPanthers20152 days ago
+2
I'm with him all the way because we're just ABSOLUTELY gonna be cooked just ONLY for a while if Warner Bros. makes that super duper grave mistake in approving that merger with Paramount. They just REALLY gotta make sure that they are sending a strong message to Paramount, telling them that they are all good with everything that they really do have right up to this point.
2
s11056152 days ago
+1
I’m gonna vote yes even harder now
1
Alarmed_Drop71622 days ago
+1
They can’t hear you over the Saudi kaching sounds.
1
Wise-Locksmith-64382 days ago
+1
Good for him to say no
1
TheFumingatzor2 days ago
+1
But what about my portfolio?
1
TemperateStone2 days ago
+1
Mergers always come with lay-offs.
1
chrisking3452 days ago
+1
Meanwhile at the shareholders sit down: “I’m told we can eliminate 1000’s of jobs if we go through with this”
1
waveduality1 day ago
+1
He’s asking to keep workers simply on the basis of keeping workers, and not because it makes business sense.
1
Gamerxx132 days ago
haha when do shareholders care about people’s jobs
0
Comfortable-Bug72022 days ago
Uh no matter who bought it there was gonna be huge cuts...why did people wait til now... wasn't any outcry whem fox was killed off
0
addctd2badideas2 days ago
-9
Aside from some film industry jobs in NYC (but nowhere close to what it used to be with operations having moved to other cities providing incentives), why is the mayor doing weighing in on this?
Dude, stop sipping your own Kool-Aid and run your city.
-9
MasterDave2 days ago
+6
WB has a fuckton more than "some film industry jobs" in NYC. It's at least 10k employees.
They've got an entire corporate HQ in NYC, which would be fully redundant when Paramount starts gutting the company. They run a lot of CNN out of NY for obvious reasons, they staff most of their websites out of NY I mean holy fuckballs just shut up if you don't know shit for shit.
6
addctd2badideas2 days ago
-4
I forgot about CNN. Point taken.
-4
noguarantee12342 days ago
+2
Hes the mayor of the largest (by population) city in the United States. Him speaking out is much more powerful than the mayor of say...Boise, Idaho lol. They are running the city and fighting for what they believe is right anyway they can.
2
addctd2badideas2 days ago
-3
My point is, that a mayor of any city isn't really in a position to be speaking out. He has no real ability to do much or enact legislation that is capable of saving those jobs.
Again, he's got a LOT to do for the city right now and needs to focus on that. It's what he was elected to do.
-3
noguarantee12342 days ago
+3
It effects New Yorkers, and it takes very little time to express his nonsupport.
He has been working on the city as well. Its not hard to do both.
3
addctd2badideas2 days ago
Is it? My job isn't nearly as important as his, but it feels like there's never enough hours in a day to complete everything.
Also, it's "affects."
0
noguarantee12342 days ago
+2
God, you're pompous lol. Have a good day.
2
LauraPalmersMom4302 days ago
His mother is Mira Nair, an incredible director.
0
addctd2badideas2 days ago
+2
I.. was not aware of that. Cool! At least there's a personal connection to this issue. But I'm still going to say that it shouldn't be a rhetorical focus right now when he's got so much to do otherwise.
And I like Mamdani too. I want to give him the benefit of the doubt. But I also have a long enough memory to remember all the other mayors of New York City who were super popular in the beginning, and ignored their actual job and people turned on them pretty quickly.
2
fuck-nazi2 days ago
-6
“Man tells people to vote against best financial interest”
-6
Civil_Zone81372 days ago
+4
Who’s best financial interests? Oh, that’s right, the billionaires. Not the people working for these companies who are about to lose their jobs with zero severance pay. Slow clap for you.
57 Comments