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> companies with shareholders are legally obliged to. Can we please stop with this meme? No, they are not "legally responsible" to keep pushing. Saying this re
by throwaways885 6y ago
> companies with shareholders are legally obliged to.
Can we please stop with this meme? No, they are not "legally responsible" to keep pushing. Saying this removes the moral responsibility from the people making these terrible decisions.
- wizzwizz4 6y agoThe moral responsibility falls onto whoever decided to set up such a share model in the first place. Yes, I am aware that that's (almost) the only way to start certain classes of company. The system is broken; our job is to work around it, establish a de-facto “shadow system” and then (if necessary) usurp the original system.
- throwaways885 6y agoThis is still wrong. Shareholders are _not_ legally required to "maximise shareholder value".