this post was submitted on 14 May 2024
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Sabotaged, or just efficiently increasing shareholder value. It’s called “Fiduciary Responsibility”.
I am constantly baffled how refusing to futute-proof the company meets the definition of "fiduciary responsibility".
"Let's spike today's profits by destroying tomorrow's profits" doesn't seem very responsible to me.
It's because it's a prisoners dillema. If they do it and other companies don't, they are at a disadvantage. The only way to get proper behavior is to have the government force companies to behave.
Exactly... And ultimately they are beholden to shareholders. Which are largely in it for the stock price, not the dividends - they want numbers to go up, and they don't care if it crashes the company in a few years when they're no longer holding the bag
Money today is worth more than money tomorrow. With enough data and analysis, riding companies into the ground is the optimal way to make money