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submitted 1 month ago by misk@sopuli.xyz to c/technology@lemmy.world
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[-] surph_ninja@lemmy.world 43 points 1 month ago

If regulators don’t stop them from doing it, the CEO’s of publicly traded companies will get the boot from the board for not doing it. They have a fiduciary duty to be as shitty as humanly possible.

We need laws to stop this, but the politicians are all bribed not to.

[-] grue@lemmy.world 16 points 1 month ago

They have a fiduciary duty to be as shitty as humanly possible.

They don't -- that's a cargo-cult misunderstanding of Dodge v. Ford Motor Co -- but it's so widely believed I guess it might as well be true.

[-] surph_ninja@lemmy.world 8 points 1 month ago

If the people sitting on the Supreme Court believe it, and I believe the majority of those shitbags do, then that is unfortunately the law as it stands.

But when the law is unethical, I don’t see why we should be lawful.

[-] SreudianFlip@sh.itjust.works 3 points 1 month ago

Well, there is plenty of evidence to the contrary, such as the way Costco mostly operates. Being the good guys has a lot of brand value. With a little nurturing of the vast propaganda machine known as advertising, that could be improved.

this post was submitted on 04 Mar 2025
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