this post was submitted on 12 Aug 2023
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Games

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Video game news oriented community. No NanoUFO is not a bot :)

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[–] r1veRRR@feddit.de 0 points 1 year ago (1 children)

How is everybody just now finding out how capitalism works? Any public company is LEGALLY REQUIRED to care only about shareholder profits. It is literally illegal for them to do anything else.

[–] the_post_of_tom_joad@sh.itjust.works 0 points 1 year ago (1 children)

That's a widespread belief my friend, that is just not true.

[–] r1veRRR@feddit.de 0 points 1 year ago

It's absolutely true in practice. CEOs have gotten sued for not acting in the shareholders best interests.

And in relation to the original comment I replied to, are you truly saying that companies, esp. public companies, are not, FOR ALL INTENTS AND PURPOSES, beholden to making money for the shareholders? Any "nice" company will make less money, will not compete well, will then fail or be bought out by the less nice, more profitable company.