3 ms·
> The “profit at all costs” mantra comes from the (sometimes false) idea that shareholders care only about profits Shareholders are detached from negative exte
by rectang 9y ago
> The “profit at all costs” mantra comes from the (sometimes false) idea that shareholders care only about profits
Shareholders are detached from negative externalities of their investments unless they pay a financial price. We certainly can't count on shareholders to rein in a company like Equifax, no matter how much harm their investments might cause. There will always be plenty of investors who care only about profit.