4 ms·
> it is legally forbidden to have any morals that get in the way of shareholder profit. That isn't true. It's just the favored solution chosen by sociopaths wh
by kevin_thibedeau 3mo ago
> it is legally forbidden to have any morals that get in the way of shareholder profit.
That isn't true. It's just the favored solution chosen by sociopaths who climb to the top. Maximizing value does not require minimizing overhead to the detriment of future value creation.
- PinkSheep 3mo agoAre you sure about that? https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co. https://hls.harvard.edu/bibliography/dodge-v-ford-what-happened-and-why/ https://hls.harvard.edu/bibliography/dodge-v-ford-what-happe...
- rcxdude 3mo agoYes, this is often wildly overstated. Executives and managers have a pretty broad leeway to run the company how they want, and while shareholders can in principle replace them or sue them, it is pretty rare for them to be particularly activist, especially nowadays where large passive index funds make up so much of the market.