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>Before getting into that it’s worth noting that all publicly listed companies operate under a fiduciary duty to maximise profits for their shareholders. Not i
by devwastaken 4y ago
>Before getting into that it’s worth noting that all publicly listed companies operate under a fiduciary duty to maximise profits for their shareholders.
Not in that context. They have a duty to their shareholders, not absolute maximum profits. Plenty of further unethical methods that could be used if that was the goal.
Iron law of organizations states that any org over time will put the perpetuation of the org first, not the orgs mission that it was founded with. Those with that vision leave for better places, leaving voids filled by those whom cannot genuinely replace it. Purpose is lost, things slow down, and every solution is a myriad of bandaids and placebos to keep it afloat. A cow to milk. This was obvious when all these projects were born to fail and hiring practices started filtering hiring for binary search trees.
Same story across the board. They've lived past their expiration date, and rely upon the law and vertical integration to prevent anyone else from competing.