3 ms·
They are run by actual people who -must claim fiduciary duty to shareholders - Can delegate decisionmaking - Can obfuscate facts or decision factors - Are part
by arbitrary_name 8y ago
They are run by actual people who
-must claim fiduciary duty to shareholders
- Can delegate decisionmaking
- Can obfuscate facts or decision factors
- Are part of a country club that is full of other people of a similar mindset
- Are insulated to the effects of their decisionmaking by wealth and privilege
White collar crimes or misjudgements in the corporate world are barely, if ever, punished, at least in the us.
- lann 8y ago> must claim fiduciary duty to shareholders This isn't true, and I can't tell if this view has been promulgated by decision makers who want to hide behind it or the shareholders to whom the mythical duty is owed. Probably both I guess? "modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else" https://caselaw.findlaw.com/us-supreme-court/13-354.html https://caselaw.findlaw.com/us-supreme-court/13-354.html