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"Have a duty to shareholders to maximize profits" musk is scurd. (slrpnk.net)

submitted 2 weeks ago by ByteOnBikes@slrpnk.net to c/whitepeopletwitter@sh.itjust.works

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[–] topherclay@lemmy.world 7 points 2 weeks ago (1 children)

"This isn't true but it may as well be, because it feels true to me" is always such a disappointing thing to see commented under misinformation.

[–] EvilZ@thelemmy.club 1 points 2 weeks ago (1 children)

What would be the misinformation? A typical working family in the 1970 could survive and feed their family. Today, a working family barely make enough money to pay for rent.

If CEO deserve their pay (hypothetically) then why would the employee not equally get higher salary increase?

Please explain how business have not, at least in the last 30 years, focused on gaining high profit for shareholders and care very little of the consumer or the workers.

A CEO goal is not to serve the board to the point of ripping a business apart. In that same breath, a Board should actually be held accountable to not pillage companies to simply increase their already big portfolio...

[–] topherclay@lemmy.world 1 points 2 weeks ago

If this was true....Nd I wouldn't be surprised that he would sya such a thing as...

It wasn't true.