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Re:Amazon terminates iRobot deal, vacuum maker to lay off 31... by lotsofpulp on Monday January 29, 2024 @04:12PM (#39182679)
How do shareholders loot a company? They own the company, which means they get to decide what to do with the company's assets.
Re:Amazon terminates iRobot deal, vacuum maker to lay off 31... by o11c on Monday January 29, 2024 @04:38PM (#39183047)
Believe it or not, some people think "the purpose of a business is to produce useful things". Crazy, right?
Re:Amazon terminates iRobot deal, vacuum maker to lay off 31... by cortesoft on Monday January 29, 2024 @07:39PM (#39184859)
Yeah, and some people believe the earth is flat.

If we wanted a society where the purpose of a business is to produce useful things, then we should not have the rules set up like they are.

You can't create an entire system of rules and regulations that set it up so the incentives are all aligned for companies to exist to make money, and then be surprised when those incentives work.

Re:Amazon terminates iRobot deal, vacuum maker to lay off 31... by tylersmith on Monday January 29, 2024 @08:31PM (#39185294)
It's not crazy that people are wrong about facts, but then they should keep their opinions to themselves.
Re:Amazon terminates iRobot deal, vacuum maker to lay off 31... by Phiwise_ on Monday January 29, 2024 @06:18PM (#39184124)
I agree. It's crazy that someone who didn't put up the skin to acquire the business thinks they should get to run it anyway.
Re:Amazon terminates iRobot deal, vacuum maker to lay off 31... by johngladtj on Monday January 29, 2024 @05:16PM (#39183509)
Providing shareholder value is the useful thing they are supposed to produce. Anything else is a side effect
Re:Amazon terminates iRobot deal, vacuum maker to lay off 31... by pi-e-sigma on Monday January 29, 2024 @05:01PM (#39183332)
It's not exactly true. A company is a separate legal entity and its owner can't do as he pleases with the company's assets.