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Comment on The dominoes are falling: motherboard sales down 50% as PC enthusiasts are put off by stinking memory prices

mnemonicmonkeys@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago

That’s every company

Not every company, just most. Privately owned corporations aren’t legally obligated to kill long-term viability for short-term gaing like publicly traded companies are.

Many owners of privately owned corps are that dumb, but not all of them

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Bronzebeard@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago

aren’t legally obligated to kill long-term viability for short-term gaing like publicly traded companies are.

Public companies are not obligated to do this. This is caused by the stock options that CEOs/other upper management gets. They want to maximize their gains on their could of years they serve before jumping ship to the next company.

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- mnemonicmonkeys@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago
  False. There’s a thing called fiduciary duty where companies are obligated to make profitable decisions for their shareholders. If they don’t prioritize short term gains they’re opened up to lawsuits from investors
  
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  - Bronzebeard@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago
    Fiduciary duty does not require they tank long term profitability for short term gains. That’s an idiotic believe you have.
    
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