2 ms·

I always assumed it was a ritual sacrifice to telegraph a message to investors that a company is reducing operating costs to pollish the annual report. This is

I always assumed it was a ritual sacrifice to telegraph a message to investors that a company is reducing operating costs to pollish the annual report. This is also why employees should be nervous about firms that sync a hiring cycle with Q2/May. In the US, a CEO must make the profitable decision, or face direct legal peril. It often has nothing to do with the character of those on the board. ;)

diffeomorphism 4y ago
That is at least in part an urban legend: https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co... The CEO might still get complaints, but legally there is no obligation.
- Joel_Mckay 4y ago
  Really? I thought the share dilution scams were only viable in places like the TSX, and that was why many avoided the foreign exchange in favor of US firms.
- deleted 4y ago
  [deleted]