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Re:Facebook chooses profits over people by Crusoe123 on Friday October 22, 2021 @08:04AM (#28956214)
Of course they do. That leader would get the boot ASAP if he chooses any goal other than making money as he is behest to investors who expect a maximized return to their investment.

Companies where your scenario can play out are the exception and not the rule. Not that the motivations you wrote are much better for society.

I am speaking here about large companies that can have impact on a societal level, not your small mom and pop business.

Re:Facebook chooses profits over people by toshk on Friday October 22, 2021 @08:41AM (#28956525)
It's hard for investors to get Management in line of the needs of the investors, they mostly work for their own needs, take a look at the big bonuses and raises they constantly give themselves. Often even after a terrible year.

In big corporations there are so many investors that they are hardly organized. And even if they are it's a difficult problem to incentivize a manager correctly. It's a topic with a lot economical scientific research. In theoretical terms it's called the principle-agent problem.

Re:Facebook chooses profits over people by FabHK on Friday October 22, 2021 @08:10AM (#28956271)
> That leader would get the boot ASAP if he chooses any goal other than making money as he is behest to investors who expect a maximized return to their investment.

No. See my sister comment: https://news.ycombinator.com/item?id=28956259