3 ms·

Shareholders will be shareholders and demand value. CEO performs to increase shareholder value regardless of any negative outcomes that won’t directly impact sh

Shareholders will be shareholders and demand value. CEO performs to increase shareholder value regardless of any negative outcomes that won’t directly impact shareholders Entirely predictable result of the narrow view of the CEO shareholder relationship.

voisin 3y ago
It doesn’t sound like it is about shareholder value here. They can’t find enough carbon credit programs that meet their internal quality requirements and they are trying to actually not greenwash, so rather than go with a quantity of low quality carbon credits, they scrapped the program altogether. I view this as more of an indictment of carbon credits than anything.
- tw04 3y ago
  >It doesn’t sound like it is about shareholder value here. They can’t find enough carbon credit programs that meet their internal quality requirements and they are trying to actually not greenwash That's just not accurate. This is the CEO who basically cut all of their plans around renewables. https://www.reuters.com/world/uk/shells-renewables-boss-leave-after-ceo-strategy-shift-2023-06-30/ https://www.reuters.com/world/uk/shells-renewables-boss-leav...
  - Spivak 3y ago
    I don't think it's particularly surprising that a company would try, fail, and move on from a market segment where they don't have first mover advantage and are playing catch up in an already fast moving industry. The only thing they would really have to contribute is a financial play and I can't say, "all these renewable energy companies are actually owned by oil companies" is an incentive structure I like.
Cockbrand 3y ago
See also "Yes, the planet got destroyed. But for a beautiful moment in time, we created a lot of value for shareholders." [0] [0] https://www.newyorker.com/cartoon/a16995 https://www.newyorker.com/cartoon/a16995

3 ms·

Shareholders will be shareholders and demand value. CEO performs to increase shareholder value regardless of any negative outcomes that won’t directly impact sh

by threesevenths 3y ago

voisin 3y ago
It doesn’t sound like it is about shareholder value here. They can’t find enough carbon credit programs that meet their internal quality requirements and they are trying to actually not greenwash, so rather than go with a quantity of low quality carbon credits, they scrapped the program altogether. I view this as more of an indictment of carbon credits than anything.
- tw04 3y ago
  >It doesn’t sound like it is about shareholder value here. They can’t find enough carbon credit programs that meet their internal quality requirements and they are trying to actually not greenwash That's just not accurate. This is the CEO who basically cut all of their plans around renewables. https://www.reuters.com/world/uk/shells-renewables-boss-leave-after-ceo-strategy-shift-2023-06-30/ https://www.reuters.com/world/uk/shells-renewables-boss-leav...
  - Spivak 3y ago
    I don't think it's particularly surprising that a company would try, fail, and move on from a market segment where they don't have first mover advantage and are playing catch up in an already fast moving industry. The only thing they would really have to contribute is a financial play and I can't say, "all these renewable energy companies are actually owned by oil companies" is an incentive structure I like.
Cockbrand 3y ago
See also "Yes, the planet got destroyed. But for a beautiful moment in time, we created a lot of value for shareholders." [0] [0] https://www.newyorker.com/cartoon/a16995 https://www.newyorker.com/cartoon/a16995