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Copying my comment from another thread: I'm getting slightly fatigued with this point of view ("X is a private company and can do what it wants"). If a compan
by folli 6y ago
Copying my comment from another thread:
I'm getting slightly fatigued with this point of view ("X is a private company and can do what it wants").
If a company reaches a certain size and has a quasi-monopolistic position so that other people or companies depend on it, it starts to have some degree of responsibility towards society that's beyond value maximization for shareholders.
- tomc1985 6y agoAs an idealists who repeats the "private companies can do what they want" perspective, I agree fully. But this is the legal situation, and asking companies to take any kind of moral stance is going to be an uphill battle. Whatever future we want, we are going to have to push for it legally. Because right now management can be replaced if shareholders don't like what they're doing, given that shareholders are their only legal obligation here.