Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either [email protected] or [email protected].
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email [email protected]. For other questions check our partnered communities list, or use the search function.
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
Also if the shareholders vote for policy X, the company cannot work against policy X or ignore policy X.
If your shareholders all get together and vote for some policy or program that will DEFINITELY hurt the stock value... well, the company still has to do it because it obeys the shareholders. And it has to try and do it the best possible way -- malicious compliance/bad faith can also potentially get you in trouble.
But since the majority shareholders in, frankly, most meaningful public companies are the likes of hedge funds, then the majority of votes are always going to be to do the thing that boosts share value. This inhuman corporate concepts simply cannot care about anything other than more dollars. On the rare occasion where they may try, it gets labeled as ESG wokism and they get threatened legally by conservative governors (at least in the US).
The real problem with shareholder capitalism may be the terrible influence of hedge funds and professional investors rather than the fundamental principle of the investor-based system. But the hedge fund and professional investor is also a kind of natural consequence of these systems.
This isn't really true. And is actually exactly what the law is meant to protect. The 51% owner isn't allowed to purposely tank the company and screw over the other 49% just because they vote.