Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Prices

Re:Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Pr... by autoexec on Tuesday October 03, 2023 @07:34PM (#37758989)

So often it's "buyer beware" when it comes to consumers, it seems like it should likewise be the job of the investor to be smart about what companies they invest in if they want to avoid a CEO who would run a business into the ground just for funsies. The risk of potentially losing your entire investment is something every investor has to accept as being possible with carefully considered and wise investments making it less likely to occur.

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Re:Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Pr... by brigadier132 on Tuesday October 03, 2023 @07:44PM (#37759062)

> So often it's "buyer beware" when it comes to consumers, it seems like it should likewise be the job of the investor to be smart about what companies they invest in if they want to avoid a CEO who would run a business into the ground just for funsies

It's pretty much like that already, the CEO can run the company into the ground for funsies if they are insane.

But if the investor catches the CEO doing this they have the right to sue to prevent it from happening and the legal system and shareholder primacy are what allow for this. Otherwise, what does the concept of ownership even mean if the owner can't decide what is done with the business?

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Re:Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Pr... by autoexec on Tuesday October 03, 2023 @08:08PM (#37759273)

Even without a right to sue or shareholder primacy shareholders can get a crazed CEO fired, screw with their pay, etc.

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