Re:The Death of Unity
by marcosdumay on Tuesday September 12, 2023 @05:03PM
(#37488318)
> companies were forced to prioritize shareholders above all else
Publicly traded companies have to state what they prioritize. It's as simple as that. If they don't, they must prioritize profit, but not short-term profit.
That rule is usually blown out of proportion, it just can not explain the modern companies behavior.
(But yeah, they must prioritize shareholders. That means that the shareholders are the ones that decide that stated priority, into whatever they want.)
Publicly traded companies have to state what they prioritize. It's as simple as that. If they don't, they must prioritize profit, but not short-term profit.
That rule is usually blown out of proportion, it just can not explain the modern companies behavior.
(But yeah, they must prioritize shareholders. That means that the shareholders are the ones that decide that stated priority, into whatever they want.)