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Tim Cook runs a multi-national corporation. His obligation is to a shareholders as CEO. It is a simple as that. A lot of us don’t agree with these policy dec
by blantonl 9y ago
Tim Cook runs a multi-national corporation. His obligation is to a shareholders as CEO. It is a simple as that.
A lot of us don’t agree with these policy decisions by these companies, but there they are.
- ams6110 9y agoFine. Tim Cook loses all his SJW cred then, for whatever that's worth.
- dymk 9y ago> SJW cred I really hope this isn't gonna start being a "thing" I see on HN
- vacri 9y agoIt's a myth that companies are legally required to maximise profit.
- usaphp 9y agoThen he should not yell left and right how he is fighting for freedom and human rights, just so he can win some "points" from people...It's always easy to make it look like you are fighting against something bad when your ass is safe and warm...
- nubbins 9y agoThere can be some ethical issues orthogonal to profit and loss considerations though. Now would shareholders be able to sue Cook for losing money by fighting the Chinese government, I have no idea, but its not quite as simple as that, that's letting them off the hook too easily in my opinion.
- geofft 9y agoWhatever the truth of fiduciary duty may be, it is definitely not any company's fiduciary duty under American law to expand to China and serve customers there, even if it would make investors more money.
- lostmsu 9y agoHow is shareholder's interest any different from corrupted government interest? You either support freedom of information, or you do not.
- romanovcode 9y ago> You either support freedom of information, or you do not. You don't give a damn but pretend that you do to the public.
- deleted 9y ago[deleted]