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True, but it's weird how many times he mentions retirement in particular.
by hot_gril 2y ago
True, but it's weird how many times he mentions retirement in particular.
- bdcravens 2y agoStockholders are the owners.
- hot_gril 2y agoYeah but stockholders aren't necessarily retired.
- FredPret 2y agoTrue but - everybody should have the opportunity to retire - that means they have to save & invest - that means corporations have a moral duty to do their best - if an old person entrusted my company with the financial results of their life's work, I'd feel a lot of pressure to make good on the implied promise that I won't just take the money and put my feet up
- hot_gril 2y agoI don't see why retirement is relevant here. Company's duty is to its shareholders either way.
- FredPret 2y agoAgreed but in the case of retired people, that duty hits different. They don't have the ability to go back and earn more money; many are also in cognitive decline.
- hot_gril 2y agoThe duty to every share is the same, it's not really a consideration. It's not like Google has a separate "Greyglers" class of shares.
- bdcravens 2y agoSure - the state of life an owner is in shouldn't be relevant, in terms of the company's obligation to them.