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We must start asking: is this good for the bottom line and the country. Fiduciaries, including business executives are currently required to do everything withi
by jtdev 6y ago
We must start asking: is this good for the bottom line and the country. Fiduciaries, including business executives are currently required to do everything within the law to maximize profits for shareholder - even if that means doing things that are bad for the country in the long term. The current "race to the bottom" approach seems like a great way to run a country into the ground - which is now on spectacular display as we see the impacts of relying on an authoritarian, communist regime for PPE and many other essentials.
- greedo 6y agoThis fiduciary responsibility is often brought up, but is largely inaccurate. Many companies, quite legally, do things that don't contribute to the bottom line, and in fact may damage it. And the courts have been fairly lenient in ruling in these companies favor.