Comment on An Audacious Plan to Halt the Internet's Ensh*ttification ...

• intensely_human@lemm.ee ⁨1⁩ ⁨year⁩ ago

  Meaning what?

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  • grue@lemmy.world ⁨1⁩ ⁨year⁩ 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.

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