3 ms·
> It is not and has never been a duty to do absolutely anything anyone can possibly conceive of that will enrich the shareholders. This. Otherwise Apple and Di
by kybernetyk 4y ago
> It is not and has never been a duty to do absolutely anything anyone can possibly conceive of that will enrich the shareholders.
This. Otherwise Apple and Disney would be forced to sell porn. But they don't because of their moral (one could argue prude) stance which makes less money for the investor.
- KingMachiavelli 4y agoBoth companies target demographics that would oppose that. Also the PR storm of such a reversal would significantly damage their stock prices. More importantly, stockholders suing either company to force them to reverse the policy would be an even bigger story. It's not a fiduciary responsibility to make as much money as possible, it's to maximize value for shareholders which means stock price rivals revenue.
- ClumsyPilot 4y ago> PR storm of such a reversal would significantly damage their stock prices. Like the PR storm from searching the customer's device for evidence of illegal material they could pass on to the police? > stockholders suing either company What would be the basis for the lawsuit, prudishness is not codified in law.