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> Companies are required to act in the interests of the shareholders. These companies were required to pass the synthetic tests. If the manufactures spent preci
by oarsinsync 11y ago
> Companies are required to act in the interests of the shareholders. These companies were required to pass the synthetic tests. If the manufactures spent precious resources "wasting" R/D and manufacturing effort going beyond the requirements placed upon them to ship expensive but already conforming vehicles, they would be savaged in the markets, and executive open to litigation for dereliction. I'm not defending it, by the way -- this is how capitalism works.
We have an example in Apple that does exactly this, with a CEO that makes statements during quarterly earnings summary calls openly admitting exactly this, and there is no lawsuit. This is also how capitalism works.