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You shouldn't repeat the shareholder value myth, it is not true. See https://scholarship.law.cornell.edu/cgi/viewcontent.cgi?article=2311&context=facpub https:/
by onli 1y ago
You shouldn't repeat the shareholder value myth, it is not true. See https://scholarship.law.cornell.edu/cgi/viewcontent.cgi?article=2311&context=facpub https://scholarship.law.cornell.edu/cgi/viewcontent.cgi?arti... for example.
Whether that means that Amazon won't try to squeeze profits is a different question.
- trynumber9 1y agoI didn't, as far as I'm aware. They are indeed beholden to their shareholders and I said nothing of value. Investors desire shares of profitable companies with consistent growth. As an AWS customer, you are the consistent growth. First as a new customer, a statistic paraded to investors. Later through price increases bringing real revenue. Brushing off lock-in is a short term luxury.
- OrderlyTiamat 1y agoIf society at large, and judges in particular think it's true, then it's true. A partially socially constructed world is like that.
- sa-code 1y agoWhile that's an interesting read, reality would disagree
- mrkeen 1y agoI can't quite follow the article. Is it trying to argue that it's bad when it happens, or that it doesn't happen, or both?
- onli 1y agoI understood parent as repeating the claim that companies are beholden to their shareholders to maximize (short-term) profit. The article I linked discusses from several angles that this is a myth, companies are not forced (for example by law, as myth repeaters often claim) to maximize short term profit for shareholders. They can aim for different values and strategies.