this post was submitted on 09 Dec 2024
527 points (81.2% liked)

People Twitter

5367 readers
2486 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a tweet or similar
  4. No bullying or international politcs
  5. Be excellent to each other.
  6. Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.

founded 2 years ago
MODERATORS
[email protected]
[email protected]
527
"Have a duty to shareholders to maximize profits" musk is scurd. (slrpnk.net)
submitted 1 week ago by [email protected] to c/[email protected]
101 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 1 week ago

Unfortunately, that's not true. Dodge vs Ford Motor Co established the precedent of shareholder primacy when Henry Ford was successfully sued for attempting to reduce dividends in favor of reinvesting profits.