4 ms·
I'm guessing the CEO is not anti-money.
by Tallasatree 6y ago
I'm guessing the CEO is not anti-money.
- misiti3780 6y agoAlso, he probably cant legally not let police departments use it, it's publically traded.
- jefftk 6y agoWhy would being publicly traded keep them from choosing their customers?
- misiti3780 6y agoI assumed that it's his/their fiduciary duty to maximize profit, and if the current excutive team doesnt do that, they will be replaced with a team that will.
- jefftk 6y agoExecs have wide latitude to do their jobs, and considering the current circumstances I could see them deciding that declining to take police as customers would be better for the company long term. This would be a very defensible decision legally (not a lawyer). You're right that it could plausibly lead to some sort of shareholder rebellion, but I'd be surprised.
- jefftk 6y agoHere's Amazon making a similar decision: https://news.ycombinator.com/item?id=23482406 https://news.ycombinator.com/item?id=23482406
- ganstyles 6y agoLargely a company can choose their customers; they’re not forced to transact with anyone. There are some exceptions of course, largely based on the reasons for not transacting. Being publicly traded doesn’t really matter here directly.