4 ms·
Profit is not the only obligation. We all exist in a society. Poisoning the water can be very profitable, and yet shareholders cannot sue to force management to
by paulryanrogers 1y ago
Profit is not the only obligation. We all exist in a society. Poisoning the water can be very profitable, and yet shareholders cannot sue to force management to do it.
- cogman10 1y agoManagement is often shareholders themselves and you can bet that if the fine is lower than the money saved they'll poison the water for 1000 years. We've had rivers catch fire because poisoning the water is profitable. We all exist in a society. However, the people most likely to own businesses and be successful at it seem to have no moral qualms about harming society so long as it personally enriches themselves.
- paulryanrogers 1y agoMy point isn't that shareholders have pure motives. It's that they are not obligated to harm society in the name of profit.
- ndsipa_pomu 1y agoHow about management suing the shareholders that want less climate destruction? https://www.npr.org/2024/02/29/1234358133/exxon-climate-change-oil-fossil-fuels-shareholders-investors-lawsuit https://www.npr.org/2024/02/29/1234358133/exxon-climate-chan...