Systems of government used by corporations
How big business governs itself. This video was sponsored by Surfshark. Get an exclusive @Surfshark deal! Enter promo code JJMCC for an extra 3 months free at https://surfshark.deals/jjmcc
In this video we talk about the political systems used by big corporations. How their boards and presidents and CEOs are appointed, and how shareholders use their voting stock options to hold them accountable through corporate democracy.
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@professordogwood8985
October 25, 2024 at 3:53 am
JJ, excellent content!
I always wondered why governance such as regional government, strata corporations, school boards or in this case, corporate governance is not covered in Political Science programs.
I have never taken a business class but I foresee a new realm of academic foray with a course such as "Corporate Civics".
Being that money truly matters in our world, something like this would be valuable to everyone, much like how you taught civics to new Canadians who were studying for their citizenship tests.
@lancergt1000
October 25, 2024 at 3:53 am
people who own creative media-related companies like film or videogame studios have traditionally resented going public, bc they always felt like their creative control would get meddled by shareholders who can only see short-term profits
But why couldn't they sell their shares in a way that still lets them maintain creative control, like what Nike did
@Descriptor413
October 25, 2024 at 3:53 am
You should check out the Mondragon Corporation. It's basically a federation of about 200 worker owned cooperatives managed by their own central bank and whom share access to internal institutions such as a research institute, unemployment office, and even their own accredited university. And, of course, each of those 200+ cooperatives have an internal structure comprised of a board elected by the worker-owners, a worker's council, and a CEO appointed by the board. It's pretty wild.
@maccurtis730
October 25, 2024 at 3:53 am
I would call both Meta and Twitter/X corporate dictatorships.
@ladysensei1487
October 25, 2024 at 3:53 am
JJ, write a book. This is great information.
@Pan_Z
October 25, 2024 at 3:53 am
16:00 same voting method most of the UK, US, amd Canada use. It's, uh, really bad, and most citizens are unaware.
@lazygongfarmer2044
October 25, 2024 at 3:53 am
Corporations have their own governments, and governments are nothing if not soulless corporations.
@allred6505
October 25, 2024 at 3:53 am
Your explanation of equity was off a bit- companies can fund their operations by either issuing stock or taking on loans. Gross profits from operations are then used to pay back lenders and the remaining profits are either distributed to shareholders as a dividend, used to reinvest in the business (and thus increase the value of their outstanding stocks) or used to purchase their own stock (thus increasing the value of their stock) Stock bought and sold on public exchanges are usually not sold by the companies themselves but by shareholders.
@Belgianperspective
October 25, 2024 at 3:53 am
the problem today IS NOT immigrants!!!! The issue today is GREEDY corporations like the Loewe funeral group (Canadian company) who sucked and took advantage of poor people and mainly minorities in the US (Mississippi mainly) at their weakest moments!!! This company deserved entirely being bankrupt and thanks God, this black American lawyer did a terrific job by kicking their arse!!! Today in Canada and the US, companies and banks (by getting you into debt) are the BIGGEST THIEVES and CULPRITS aim North America! And yes, I like to complain… I am a Frenchman and we French people are very good at whining and opening our mouths when needed.. unlike North Americans who keep a lot of their chest!!! Nous Français sommes très fiers!!!
@omarcostilla8863
October 25, 2024 at 3:53 am
More of this!
@supercolinblow
October 25, 2024 at 3:53 am
I always thought that the title of company "president" was an anachronism, since the CEO is the real power in every corporation; but I guess I was wrong about that, vis a vis Nike.
Great video as always JJ.
@weirdlanguageguy
October 25, 2024 at 3:53 am
Very fascinating! I think a similar video about the governing systems of various religious groups would be interesting as well
@Ben-kv7wr
October 25, 2024 at 3:53 am
As someone involved heavily with my workplace’s union I’ve always said these companies act like and organize themselves like governments
@smc0718
October 25, 2024 at 3:53 am
YouTube under Suzan was like Mussolini 😂
@barretprivateer8768
October 25, 2024 at 3:53 am
4:39
Dankpods?
@chrisz7494
October 25, 2024 at 3:53 am
If this video interested you, you can find a similar discussion on struthless channel called "this is a cult". It takes a very empathetic approach to how cults indoctrinate members and how many of our institutions use cult doctrine without even knowing it
@Uretard2121
October 25, 2024 at 3:53 am
Dmca corporation creation they took democracy away and freedom of speech away from YouTube
@toagonel7045
October 25, 2024 at 3:53 am
By the same token, governments are companies with a monopoly on governance
@Lvlaple4Ever
October 25, 2024 at 3:53 am
Screw Meta.
@rifleman4005
October 25, 2024 at 3:53 am
Those institutional investors are usually large pension plans. Specifically public service pensions plans. In Canada the Ontario teachers pension plan has more assets than all the Canadian billionaires put together. At the end of 2022 the top 100 pension plan in Canada have about $1.8 trillion in assets not counting Cpp and Qpp. They dwarf everyone else.
@ladymorwendaebrethil-feani4031
October 25, 2024 at 3:53 am
A board of directors is an oligarchy, not a democracy. Only cooperatives can be democracies.
@sochisocks
October 25, 2024 at 3:53 am
How does FPTP works in the Netflix Corp?
@cayenne2376
October 25, 2024 at 3:53 am
Nikes Class B shareholder 30 percent rule sounds eerily familiar. It is strikingly similair the France's three Estate rule … right before the french revolution.
@comment8454
October 25, 2024 at 3:53 am
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@DOINEIGHT
October 25, 2024 at 3:53 am
Thank you JJ for talking about the (probably intentional) obscure realm of "corpolitic!?!" Lest we forget that the big (and much smaller mom 'n' pop) corporations which have the most immediate influence on people's life. I'm looking forward to more corpolitical contents in the future.
@James-tg3qg
October 25, 2024 at 3:53 am
Love this one!
@RextheRebel
October 25, 2024 at 3:53 am
I still can't figure out why Canadians say "a boot" while the word is a bout.