The Problem With Voting About Corporate Policies
The problems of corporate democracy are well illustrated by this embarrassing showing:
“The largest experiment yet in direct voting ended with a whimper on Monday, when Facebook closed its user polls on its new proposed terms of service, with what looked to be just 668,872 of Facebook’s 1.01 billion global users having even cast a vote, or just 0.067 percent (sixty-seven tenths of a percent) . . . Kicking-off December 6, Facebook had given all of its over 1.01 billion users around the globe one full week to vote on the changes it has proposed to its key “governing documents,” the Statement of Rights and Responsibilities and Data Use Policy, which spell out what type of user data Facebook can collect and what Facebook may do with it.”
Regarding corporate democracy (and its cousin, shareholder franchise): sounds nice, too bad people don’t act like they want it.