• mnemonicmonkeys@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    3
    arrow-down
    1
    ·
    1 day ago

    False. There’s a thing called fiduciary duty where companies are obligated to make profitable decisions for their shareholders. If they don’t prioritize short term gains they’re opened up to lawsuits from investors

    • Bronzebeard@lemmy.zip
      link
      fedilink
      English
      arrow-up
      1
      arrow-down
      2
      ·
      1 day ago

      Fiduciary duty does not require they tank long term profitability for short term gains. That’s an idiotic belief you have.