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>the responsibility of a public company to operate in its shareholders’ best interest The shareholders are only interested in profits.
by minikites 5y ago
>the responsibility of a public company to operate in its shareholders’ best interest
The shareholders are only interested in profits.
- yossarian1408 5y agoAnd how are profits gained? Ideally, in providing goods or services of value to society. In a competitive free market the profit incentive is actually the 'who can do the most good for society' incentive.
- throwaway3699 5y agoNot really. If Facebook (and the rest of them) keep burning bridges and making enemies, in this political climate, they're going to get broken up or even liquidated if enough users leave. That is not in shareholder interest.
- akomtu 5y agoThis made me think of one analogy, that shareholders just want heat in their homes and there are two ways to produce heat: by destroying something (burning oil, the nuclear reaction) or by creating something (fusion). The former is much easier and unless the laws prevent this low effort business, the heating company will happily burn forests, poison rivers and sell the future of the young people if necessary.