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ByteOnBikes@slrpnk.net to Uplifting News@lemmy.worldEnglish · 4 months ago

Costco doing right

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Costco doing right

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ByteOnBikes@slrpnk.net to Uplifting News@lemmy.worldEnglish · 4 months ago
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  • UnderpantsWeevil@lemmy.world
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    4 months ago

    https://en.wikipedia.org/wiki/Costco#Ownership

    Oops. All Private Equity.

    • T00l_shed@lemmy.world
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      4 months ago

      I’m starting to think these private equity firms are bad eggs! /s

      • Randelung@lemmy.world
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        4 months ago

        It’s just bad apples. Landfills and landfills of bad apples. Not even compostable, that’s how bad they are.

        • RizzRustbolt@lemmy.world
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          4 months ago

          Not compostable, but they could be ground up to make some fertilizer.

    • tempest@lemmy.ca
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      4 months ago

      The top three are index funds basically which is not really private equity in the colloquial sense. A lot of people’s retirements and savings are held by vanguard, blackrock and state street.

    • 🔰Hurling⚜️Durling🔱@lemmy.world
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      4 months ago

      Is there any legal way a company can prevent the sale of their stock to a private equity?

      • UnderpantsWeevil@lemmy.world
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        4 months ago

        Go private and don’t have stock traded on the secondary market?

      • keckbug@lemmy.world
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        4 months ago

        You can’t restrict the sale of stock, typically, but there are some provisions that can be adopted to make things more resilient. Check out “Poison Pills” on Wikipedia

    • rational_lib@lemmy.world
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      4 months ago

      These are not the same firms behind the proposal though. I know some of the funds listed like Blackrock and State Street have supported DEI at least in the past and have been targeted by the far right for that reason.

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