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"Have a duty to shareholders to maximize profits" musk is scurd. (slrpnk.net)
submitted 1 month ago by ByteOnBikes@slrpnk.net to c/whitepeopletwitter@sh.itjust.works
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[-] Auli@lemmy.ca 9 points 1 month ago

And this is a lie. There is no law about this there is no duty for it. I mean your company is tock might not be the greatest but that is another thing.

[-] HandwovenConsensus@lemm.ee 2 points 1 month 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.

this post was submitted on 09 Dec 2024
529 points (81.0% liked)

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