this post was submitted on 24 Sep 2023
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244
Return to the office? These workers quit instead. (news.yahoo.com)
submitted 11 months ago by [email protected] to c/[email protected]
21 comments fedilink hide all child comments
 

Return to the office? These workers quit instead.::When Rowan Rosenthal heard about Grindr's return-to-office mandate during a virtual town hall meeting in August, anxiety, confusion and anger set in. The principal product designer lived within a 25-minute bike ride from the company's Brooklyn office but instead was required to report to one in Los Angeles, where Rosenthal's department was assigned. This doesn't make sense and there's no way this will happen, Rosenthal thought. But it did happen. And two weeks later, Rosenthal realized that desp

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[–] [email protected] 25 points 11 months ago (1 children)

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.

[–] [email protected] 4 points 11 months ago (2 children)

Wait, you have a law making the shareholders the most important for the companies, seriously ?

[–] [email protected] 3 points 11 months ago

Yep, see the Ford v Dodge case

[–] [email protected] 0 points 11 months ago

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.