4 ms·
Everything you said is objectively true, except for one thing. > a company's duty is towards shareholders first, workers second. This is just like, an opinion
by triceratops 2mo ago
Everything you said is objectively true, except for one thing.
> a company's duty is towards shareholders first, workers second.
This is just like, an opinion, man. There's no reason a company has to be like that.
It just benefits company management to act like it's an objective truth because their pay is stock-based.
- epolanski 2mo ago> There's no reason a company has to be like that. Law. Board and CEO have fiduciary duty towards shareholders.
- Larrikin 2mo agoIf you search fiduciary duty on just this site you'll find hundreds of replies dating back years refuting your point.
- triceratops 2mo agoThat doesn't mean what you think it means. Management has to act in shareholders' best interests especially when those conflict with their own. That's not the same thing as shareholders above workers (or anyone else for that matter).