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Even if it were true, couldn’t a company argue that they want to put users before shareholders to prevent a public fallout like we are seeing with Facebook? Whi
by devmunchies 9y ago
Even if it were true, couldn’t a company argue that they want to put users before shareholders to prevent a public fallout like we are seeing with Facebook? Which could be seen as risk management.
- danbruc 9y agoIf it were true, then there would have to exist at least some framework to judge what counts as maximizing profits. Maximizing the profit this quarter may require a vastly different course of actions than maximizing the profit over the next ten years. So depending on exactly what would fall under maximizing profits, this may or may not be a valid argument But fortunately we don't have to worry about that, the people writing laws are not all idiots and it would be a pretty stupid idea to put requirements into laws that are essentially impossible to fulfill due to a lack of psychic powers and time machines.