lazylion_ca@lemmy.ca to Showerthoughts@lemmy.world · 2 months agoI don't want to call Twitter X out of spite, but calling the travesty that is X Twitter is an insult to the people that made Twitter what it was.message-squaremessage-square47fedilinkarrow-up133arrow-down15
arrow-up128arrow-down1message-squareI don't want to call Twitter X out of spite, but calling the travesty that is X Twitter is an insult to the people that made Twitter what it was.lazylion_ca@lemmy.ca to Showerthoughts@lemmy.world · 2 months agomessage-square47fedilink
minus-squareoriginalfrozenbanana@lemm.eelinkfedilinkarrow-up4arrow-down1·2 months agoNot that they are blameless - far from it - but they had a fiduciary responsibility to pursue the deal because it was good for their shareholders
minus-squaretylerlinkfedilinkarrow-up4·2 months agoThat’s not the case at all, though it’s very often believed to be and stated as such on here and Reddit. https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits https://web.archive.org/web/20240529061049/https://skeptics.stackexchange.com/questions/8146/are-u-s-companies-legally-obligated-to-maximize-profits-for-shareholders
Not that they are blameless - far from it - but they had a fiduciary responsibility to pursue the deal because it was good for their shareholders
That’s not the case at all, though it’s very often believed to be and stated as such on here and Reddit.
https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits
https://web.archive.org/web/20240529061049/https://skeptics.stackexchange.com/questions/8146/are-u-s-companies-legally-obligated-to-maximize-profits-for-shareholders