@carcinopithecus I wish investors called the shots.

In reality, it's the creditors that call the shots. In any typical corporation, whoever is owed money gets first crack at the profits. Should the company fail, it's the creditors (not the investors) who seize the assets.

Afterwards, it's the preferred shareholders who, because of legal reasons, get compensated.

Finally, it's the common shareholders. They get whatever's left (if any).

This is why co-ops need to be a thing.

@atomicpoet @carcinopithecus Of course creditors get paid first. You borrowed their money. Preferred shares are just another debt vehicle. Common shareholders are last in line because they own the company. Co-ops wouldn’t change this. If a co-op borrowed outside money, those folks would get paid first in the event of a failure.
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@midway @carcinopithecus Sure, co-ops don't change the nature of debt. What they do change is the nature of equity.

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