Remember… There is not a single corporation that gives a shit about you beyond your LTV (lifetime value) as a paying customer. “Pride week” and “Palestinian stories” type things are just mechanisms to get your money.
If they are told they make more money harming you, CEOs literally have a legal responsibility to choose that option. And right after they do, they will have an amazing dinner while laughing at how stupid you are and then sleep more peacefully than you have on the single best day of your entire life.
Something similar has happened. Look up Dodge vs. Ford Motor Co where the Michigan Supreme Court ruled that a ceo must operate in the interest of the shareholders not in the interests of the business and it’s employees.
Yes they actually do. Look up Dodge v. Ford Motor Company. A business must be run in the interests of the shareholders, not the public, not the employees, not even the business itself.
Is it morally right? Fuck no. Is it the law? Unfortunately yes.
And let’s not forget that most significant forms of “harm” are illegal in the first place. The comment above you makes it sound like any minute now, Nabisco might decide it’s more profitable for them to roll out to your house and kill you.
I mean… if something is illegal but the penalties are low or enforcement nonexistent then it’s more like a recommendation. Fines become a “cost of doing business”.
If they thought they would profit from a direct murder, they would. It’s not like they ever see any significant penalties for murder.
Usually it is an indirect murder, though. Like we are reading about chicken processing plants deciding it is more profitable to maim or kill children rather than pay adults.
Plenty are greedy psychopaths, I’m not saying the above as a forgiveness, I’m stating it as a fact. A CEO is a legal “corporate officer” of a company. Seems you need to learn a bit more about fiduciary responsibilities for a CEO. It is a legal obligation.
Maybe you’ll do some reading, probably not though, huh? The people in your life must be just fucking exhausted by that energy of yours.
Has anyone ever been under the illusion orherwise? I’ve never seen anyone who thought corporations cared about them. And people don’t care about corporations either. They care about getting the shit they want at the price they want and will sleep very soundly if some corporation goes out of business.
a lot of people have a hard time to believe that facebook, google, microsoft, etc cannot be trusted, or even that they don’t have good intentions (anymore?)
Remember… There is not a single corporation that gives a shit about you beyond your LTV (lifetime value) as a paying customer. “Pride week” and “Palestinian stories” type things are just mechanisms to get your money.
If they are told they make more money harming you, CEOs literally have a legal responsibility to choose that option. And right after they do, they will have an amazing dinner while laughing at how stupid you are and then sleep more peacefully than you have on the single best day of your entire life.
No they fucking don’t.
They choose to do so out of greediness the vast majority of the time, but it isn’t a legal obligation.
You are actually not wrong but if they dont obey BoD, it is the shed.
Bigger question here if this “simplification” is a valid tactic to communicate the message.
Theoretically BoD could sue the CEO, but i dont think that ever happened in this context… Only in cases of fraud, ie stealing company assets
Something similar has happened. Look up Dodge vs. Ford Motor Co where the Michigan Supreme Court ruled that a ceo must operate in the interest of the shareholders not in the interests of the business and it’s employees.
Yes they actually do. Look up Dodge v. Ford Motor Company. A business must be run in the interests of the shareholders, not the public, not the employees, not even the business itself.
Is it morally right? Fuck no. Is it the law? Unfortunately yes.
Grobow v. Perot, 539 A.2d 180 (Del. 1988).
Directors in a business should:
Fair point, I was unaware of this case.
And let’s not forget that most significant forms of “harm” are illegal in the first place. The comment above you makes it sound like any minute now, Nabisco might decide it’s more profitable for them to roll out to your house and kill you.
I mean… if something is illegal but the penalties are low or enforcement nonexistent then it’s more like a recommendation. Fines become a “cost of doing business”.
If they thought they would profit from a direct murder, they would. It’s not like they ever see any significant penalties for murder.
Usually it is an indirect murder, though. Like we are reading about chicken processing plants deciding it is more profitable to maim or kill children rather than pay adults.
Plenty are greedy psychopaths, I’m not saying the above as a forgiveness, I’m stating it as a fact. A CEO is a legal “corporate officer” of a company. Seems you need to learn a bit more about fiduciary responsibilities for a CEO. It is a legal obligation.
Maybe you’ll do some reading, probably not though, huh? The people in your life must be just fucking exhausted by that energy of yours.
Nope. There are these obligations but it is not illegal for a CEO to perform sub optimally, or even make multi year losses.
Has anyone ever been under the illusion orherwise? I’ve never seen anyone who thought corporations cared about them. And people don’t care about corporations either. They care about getting the shit they want at the price they want and will sleep very soundly if some corporation goes out of business.
Unfortunately I’ve seen quite a few people argue that companies are kept honest by the market and as such they’re trustworthy.
Libertarians writing Invisible Hand fan fiction.
Quite a few? Wow! I would say that’s very naive but it would have to have an ounce of logic to even be evaluated on that scale.
a lot of people have a hard time to believe that facebook, google, microsoft, etc cannot be trusted, or even that they don’t have good intentions (anymore?)
Seems you live in a bubble friend.
One of the most popular kids toys are miniature brand name products that the parents buy for them…
people by M&M’s branded leather jackets for $300 and walk around as human billboards willingly…
people cover their cars with bumper stickers and get tattoos with logos showing their preferences between competing local coffee shops…
Goop, celebrity-fronted baby brands, etc are “lifestyle brands” where people purchase an identity and defend it against others…
Sports teams are corporations that people literally have bloody fist fights over…
Target is selling a Halloween costume and kids sized shopping carts and checkout stands and their parents are buying them… For money
What in the sweet sticky god damn FUCK are you talking about “was anyone under that illusion”?
Dude, Donald trump is a fucking corporation that elderly people eating cat food donate their pension checks to…
You seem to be delusional if you see NONE of that.
None of that is people thinking corporations care about them. You’re high. Get some sleep.
Let me introduce you to gamers and valve.
Seriously doubt that. Those kinds of people don’t sleep well.
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