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Not sure how Stellaris exactly envisions future Corporations to work, but they mimic many of the structures we see in real life right now, so they're probably meant to work similarly. The election system, I would argue, is more a game mechanic than anything else.
Fanatic Authoritarian ethos doesn't take Megacorp bull talks :D
"until they die" will happen after 1 or 2 terms of 20 years.
In particular Miland, Genoa and Venice.
The shareholder thing would make sense if it was an actual in-game mechanic; the voting process isn't done in an "investor" kind of way at all.
That said, private colony ships do exist, which would imply sub-franchises/corporations within the megacorporation. If you have full control over the megacorporation that encompasses them and investors being a separate entity that decides the fate of megacorporations... Food for thought.
Jeff Bezos is leading his company as authoritarian as is legal in a democracy, and pushing those boundaries. So your statement isn't absolute in the real world.
The point I'm driving here is elections, not how long the terms are.
Taken from the internet:
Autocrat
taking no account of other people's wishes or opinions; domineering.
"a man with a reputation for an autocratic management style"
The only thing you could argue about those that rule a company ruthlessly is that they take into account maximizing profit. Often at the expense of everything else.
I don't know. Maybe we just need to pick a definition of Autocrat we all agree on and then settle a discussion regarding whether a Megacorporation's rule can or cannot rule with fanatical authority over its company.
Because that's what some companies do in the real world, whether you disagree about that or not.
It's pretty clear what that is:
You have to look at the wheel in two stages. The inner wheel is meant to represent a general leaning. It's how your society sees the world but doesn't consciously think about the fact that it sees it that way. To be Fanatical requires a focus to the detriment of everything else.
As for elections, I can't think of too many CEO's that have stayed around more than 20 years. Even Bill Gates cashed out control over the company within that time. Bezos is coming close to stepping down himself and Musk has been slowly losing control himself. You could force your leader to remain via unity during the following election. But it's the nature of oligarchy that a leader has to ensure the oligarch's interests to stay in power. The minute a CEO starts failing to turn a profit he's usually ousted. As corporations are pretty dependent on stock values to provide the funding necessary to maintain their size and competitiveness.
Or autistcrat :D
CEO, police officer or army officer may be met with respect. Yet these roles are servants and not kings.
If Jeff Bezos is on the king's throne then it's time the king puts the dog back under the table.
Corporate authority is different from political authority and in the world of finances it's more about monopolies and cornering the market in order to marginalise and push out competition. Death and destruction is the last thing that a white collared criminal wants to get involved in, there is no profit in it.
SImilar with Fanatic Egalitarian; conceptually a Fanatic Egalitarian MegaCorp would have a governance structure of a kind where the MegaCorp effectively has citizenship equals shareholder arrangement and under those circumstances the MegaCorp again ceases to be about maximum profits; instead it wants an abstraction of whatever the shareholders as a whole want.
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Shareholder mechanics would be an interesting dynamic, particularly with the potential of the vassals rework coming in Overlord. Unfortunately the AI would probably completely mess up, but it is a very interesting story opportunity if MegaCorp governments and MegaCorp Franchise Vassals could issue shares, and other governments could buy or sell shares. After all, if you buy a majority stake in someone else's vassal as a hostile takeover bid, that could have quite interesting dynamics.