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On the other hand, since the news that he knew about years of sexual harassment at the company the stock has dropped 33%. If "maximising shareholder value" is t
by madeofpalk 5y ago
On the other hand, since the news that he knew about years of sexual harassment at the company the stock has dropped 33%. If "maximising shareholder value" is the only metric for success it seems that making one of your employees kill themselves for failing to tackle a culture of abuse seems like a poor way to do that.
- slothtrop 5y agoCorporations should be about maximizing value for all stakeholders, not just shareholders. Historically the creation of a corporation had to be justified to be in the interest of public good. Anyway I agree.
- abduhl 5y agoAnd 100% of that drop (and more?) has been recovered for shareholders by this acquisition. One could argue that Microsoft would have paid more, and I’m sure some enterprising lawyers will get paid by tricking some shareholders into suing over that, but that’s like arguing with the waves about when high tide is.