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.
mnemonicmonkeys@sh.itjust.works 1 month 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
Bronzebeard@lemmy.zip 1 month ago
Fiduciary duty does not require they tank long term profitability for short term gains. That’s an idiotic believe you have.