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> What would these companies be getting sued for exactly in your mind? I was responding to a comment, sorry if this message got lost. Companies who do not spen
by jacobsheehy 8y ago
> What would these companies be getting sued for exactly in your mind?
I was responding to a comment, sorry if this message got lost. Companies who do not spend their money according to stockholder wishes get sued, correct? For misuse of funds?
My post was attempting to explain that I consider it a gross misuse of corporate funds to not spend excess cash-on-hand on projects to reduce the effects of climate change on humanity. To me, it is clear that a corporation wishing to maximize profit must address climate change or risk being sued for misuse of their funds.
> Do you own any stocks? Even holding a broad exchange fund makes you a stockholder.
No I do not own any stocks.
> Have you led the charge in any lawsuits or is this just lip service outrage?
There's no need to be rude. I stand by my words. I have no resources or funds or stocks to give me the standing to approach this topic with a corporation or lawyers. I just get by every month. There's no need to insult my opinions and call my description and opinions 'lip service'. I'm being serious, no need to belittle me.
- hannasanarion 8y ago> Companies who do not spend their money according to stockholder wishes get sued, correct? For misuse of funds? No, they get sued for malfeasance: taking investments and failing to return a profit. It doesn't matter what stockholders want, the purpose of buying stocks is to make a return, and if a company fails to prioritize profit above all else, then they have broken the implicit or explicit contract with their shareholders: investment now in return for dividends later.