this post was submitted on 24 Sep 2023
244 points (91.5% liked)
Technology
57432 readers
3502 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
All of that pales in comparison to this:
We created X growth in profit for our shareholders.
If a company is publicly traded, the shareholders are now by law their highest obligation. It doesn't matter if that growth comes in the form of new clients or salaries unpaid through RTO policies. No other appeal matters other than generating more profit than the previous quarter at any cost.
Not maintaining. Not healthy business. Growth at any cost.
Wait, you have a law making the shareholders the most important for the companies, seriously ?
Yep, see the Ford v Dodge case
The shareholders are the owners of the company. If they feel (doesn't matter what really happened) that there is any impropriety or fraud they can sue.