948

Why is everything in consumer / American life so fucking shitty now - and companies literally just say 'oh bc profit margins' and we're now expected to swallow that and sympathize? (lemmy.world)

submitted 11 months ago* (last edited 11 months ago) by _number8_@lemmy.world to c/asklemmy@lemmy.ml

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like I went to taco bell and they didn't even have napkins out. they had the other stuff just no napkins, I assume because some fucking ghoul noticed people liked taking them for their cars so now we just don't get napkins! so they can save $100 per quarter rather than provide the barest minimum quality of life features.

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[-] Chouxfleur@lemmy.world 6 points 11 months ago

How does the law require them to be greedy?

I just assumed that it was shareholders.

[-] Touching_Grass@lemmy.world 13 points 11 months ago

Maybe not an exact law to be greedy but aren't they legally responsible for acting in the interest of the shareholders not the consumer

[-] SPRUNT@lemmy.world 8 points 11 months ago

Not technically a "law"...

"The shareholder wealth maximization doctrine requires public corporations to pursue a single purpose to the exclusion of all others: increase the wealth of shareholders by increasing the value of their shares. However, a company should be committed to enhance shareholder value and comply with all regulations and laws that govern shareholder's rights."

The" however... " part is largely ignored, except for when it benefits shareholders.

[-] TheGalacticVoid@lemm.ee 1 points 11 months ago

The "however" part you quoted explicitly mentions following the rights of shareholders. From what you described, there's literally nothing else in the doctrine to ignore.

[-] SPRUNT@lemmy.world 3 points 11 months ago

Yeah, your right. I guess I got to the part where it said "comply with regulations and laws" and laughed through the rest.

this post was submitted on 26 Nov 2023

948 points (94.1% liked)

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