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> Facebook's obligation is to the shareholders. This is the problem. Businesses must take on additional legal responsibilities and not simply say “we care abou
by srswtf123 6y ago
> Facebook's obligation is to the shareholders.
This is the problem. Businesses must take on additional legal responsibilities and not simply say “we care about profits — at the expense of everything else”.
This will require legislation, and perhaps and end to “MBA-culture”, which seems to promote sociopaths to the highest peaks of society.
- thereare5lights 6y agoMaximizing shareholder value was one of the most toxic ideologies of the late 20th century. I've seen more people speaking out against this recently and hopefully this idea gets put to bed like "trickle down" economics.