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A comment on Facebook chooses profits over people. Parent comment

Re:Facebook chooses profits over people by barney54 on Friday October 22, 2021 @07:19AM (#28955849)
No. A CEO’s job is to provide value to shareholders. This doesn’t mean short terms profits at any cost.
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Re:Facebook chooses profits over people by 2OEH8eoCRo0 on Friday October 22, 2021 @07:27AM (#28955907)
Provide value to shareholders or work in the best interest of shareholders? I always took it as: don't enrich yourself to the detriment of shareholders.
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Re:Facebook chooses profits over people by p_l on Friday October 22, 2021 @07:30AM (#28955929)
Fiduciary duty is more about "do honest work and don't steal from stakeholders".

Nowhere does it state that the gambling bet (publicly listed company) has to optimize for returns of the gamblers (shareholders).

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