4 ms·
> So it is "good" for a company to destroy the thing it spent 15 years building, put all employees out of a job, and harm society in the process, because "share
by version_five 4y ago
> So it is "good" for a company to destroy the thing it spent 15 years building, put all employees out of a job, and harm society in the process, because "shareholder value"?
Isn't that something to consider before taking a company public? I understand disagreeing with Musk's management, but from what I can see, the company did the best they could for the shareholders, which is by definition their job as a public company. If someone or some group placed a greater value on the company, they could have bought it. It's definitely a callous system, but it comes with the territory of being a public company, and is part of the reason why many good companies avoid public markets. Anger against the board and shareholders is misplaced