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I wonder if there is some sort of breach of fiduciary duty or securities fraud claim here. This move seems likely to alienate subscribers (both for potentially
by torben-friis 2y ago
I wonder if there is some sort of breach of fiduciary duty or securities fraud claim here.
This move seems likely to alienate subscribers (both for potentially being against their ideology, and more importantly, for implying lack of freedom of expression that customers would demand from a newspaper). It is also likely to lose them talent. The move seems to benefit bezos personally by using the newspaper as a mouthpiece, even if the newspaper itself as a business is damaged in the process.
- zepton 2y agoJeff Bezos completely owns the Washington Post - there aren't any external shareholders that could be harmed, or are owed a fiduciary duty.
- torben-friis 2y agoAh, my bad, I thought it was public and he had the majority.
- tolerance 2y agoYou used some big terms that I just had to take a cursory glance at to get the meaning of but it sounds like if what you’re describing ever picked up steam it would set an ill precedent and benefit the spirit of polarization that I think you’re trying to oppose.