3 ms·
As GGC points out, Ford v. Dodge was about anticompetitive practices, not arbitrary increases to wages. Companies are 100% free to double wages at random. It i
by brookst 3y ago
As GGC points out, Ford v. Dodge was about anticompetitive practices, not arbitrary increases to wages.
Companies are 100% free to double wages at random. It is possible shareholders will sue (“everything is securities fraud”), but that’s a dispute about whether the action was in the best interests of shareholders in the long term.
It remains 100% false that companies must maximize corporate profits, especially short term.