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>It could be changed through legislation that companies need to put the needs of all stakeholders first. The problem is that it's the shareholders who sign off
by spaced-out 5y ago
>It could be changed through legislation that companies need to put the needs of all stakeholders first.
The problem is that it's the shareholders who sign off on the CEO, upper management, and their salaries and bonuses. I don't see how you can incentivize people to not put the needs of those who control their paychecks above all else under this model.
- OkayPhysicist 5y agoYou make those same shareholders liable for the crimes of their "employees". It could be as simple as "executing" companies, i.e., nationalizing/simply erasing companies for abusive behaviors, or it could be a more complicated weakening of the limited liability of corporations.