Comment on An Audacious Plan to Halt the Internet's Ensh*ttification ...
grue@lemmy.world 11 months agoIt’s the cargo-cult interpretation of Dodge v. Ford Motor Co.
Comment on An Audacious Plan to Halt the Internet's Ensh*ttification ...
grue@lemmy.world 11 months agoIt’s the cargo-cult interpretation of Dodge v. Ford Motor Co.
intensely_human@lemm.ee 10 months ago
Meaning what?
grue@lemmy.world 10 months ago
The ruling of that Supreme Court case was that publicly-traded companies are obligated to act in the interests of their shareholders, rather than employees or customers. Cargo cultist MBA-types – those who have superficial knowledge, but lack actual understanding – think that means companies must be purely sociopathic and slavishly work to increase quarter-to-quarter stock returns at all costs, but that’s not actually true because management is still allowed to take things like long-term stability and customer goodwill into account.