• @surph_ninja@lemmy.world
    link
    fedilink
    English
    5511 days 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
      link
      fedilink
      English
      2711 days 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
        link
        fedilink
        English
        1211 days 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.

        • @philpo@feddit.org
          link
          fedilink
          English
          210 days ago

          Dude, Brother is not even an US company - like most big printer companies it’s Japanese and traded at the Tokyo stock exchange.

          So… You’re arguments are invalid and only show your americentric world view.

      • @SreudianFlip@sh.itjust.works
        link
        fedilink
        English
        411 days 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.