Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
OP’s right. Sorta. Partially. OK, you’re right, it was a simplistic take.
Where people get it wrong is that that duty is not written in stone, and certainly not in the law or courtroom. The “duty” is more like, “Don’t fuck us financially on purpose or through incompetence.”
The CEO of my last company told the board, 2-years in a row, that he intended to lose money while we ramped up personnel and improved our products. They applauded him. We fucked up and made record profits instead. LOL. We all got fat(ter) Christmas bonuses.
(Lemmy will not believe that with a solid, non-greedy leader (a.k.a the useless CEO), a company can treat customers like gold, treat employees like gold and still make money.)
I think the problem is that people assume every business in america has their first priority as making as much money as possible. The fact non-profits exist should be a clue they are wrong, IMO.
Legally, it’s the fiduciary duty of any publicly traded corporation to seek higher returns every year for their shareholders.
So… yeah, that list will effectively stay empty.
I like your propaganda. Its quick and easy, but wrong. Check your sources.
OP’s right. Sorta. Partially. OK, you’re right, it was a simplistic take.
Where people get it wrong is that that duty is not written in stone, and certainly not in the law or courtroom. The “duty” is more like, “Don’t fuck us financially on purpose or through incompetence.”
The CEO of my last company told the board, 2-years in a row, that he intended to lose money while we ramped up personnel and improved our products. They applauded him. We fucked up and made record profits instead. LOL. We all got fat(ter) Christmas bonuses.
(Lemmy will not believe that with a solid, non-greedy leader (a.k.a the useless CEO), a company can treat customers like gold, treat employees like gold and still make money.)
I think the problem is that people assume every business in america has their first priority as making as much money as possible. The fact non-profits exist should be a clue they are wrong, IMO.