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"Have a duty to shareholders to maximize profits" musk is scurd. (slrpnk.net)
submitted 2 weeks ago by ByteOnBikes@slrpnk.net to c/whitepeopletwitter@sh.itjust.works
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[-] Auli@lemmy.ca 9 points 2 weeks ago

And this is a lie. There is no law about this there is no duty for it. I mean your company is tock might not be the greatest but that is another thing.

[-] HandwovenConsensus@lemm.ee 2 points 2 weeks ago

Unfortunately, that's not true. Dodge vs Ford Motor Co established the precedent of shareholder primacy when Henry Ford was successfully sued for attempting to reduce dividends in favor of reinvesting profits.

this post was submitted on 09 Dec 2024
526 points (80.9% liked)

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