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This is a place where I post interesting things that I find and cant categorize into one of the main subs I follow. Enjoy a front seat as i descend into madness

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DeadWorld@lemm.ee

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Ford poised to fire all ~10,000 striking workers in Louisville, Kentucky and Sharonville, Ohio Plants (archive.ph)

submitted 1 year ago by DeadWorld@lemm.ee to c/brainworms@lemm.ee

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cross-posted from: https://hexbear.net/post/830212

The absolutely beautiful reason that I can tell that they still aren't agreeing to Fords concessions is because they in solidarity with new workers that don't even exist yet, are demanding that Fords new battery plants they are building be placed under the same labor agreement they are fighting for.

"The UAW, according to Ford officials, has taken a hard line on requiring the company’s four new battery plants be placed under the terms of the labor agreement."

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[–] Crismus@lemmynsfw.com 8 points 1 year ago (1 children)

It's actually Supreme Court precedent that will allow shareholders to sue if a public company doesn't choose the most profitable way of doing business.

So in a public corporation, they have to choose the most evil way of doing business.

[–] techt@lemmy.world 11 points 1 year ago (2 children)

That's not the case and it's definitely not so simple; here's a short read on why:

https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits

[–] Whelks_chance@lemmy.world 7 points 1 year ago (1 children)

Interesting read, I definitely held the opposite opinion previously. No idea where I first heard it, but it's one of these "easy to grasp, difficult to let go" ideas.

See also "alpha males", which is also total BS, but often repeated.

[–] tocopherol@lemmy.dbzer0.com 1 points 1 year ago

Seems like an idea that these corps would love to spread. "Oh sorry, we just have to be evil because of those dang shareholders and regulations and such, you know we'd love to be completely benevolent but our hands are tied."

[–] Rogue_General@lemm.ee 3 points 1 year ago

Thank you for sharing this, I heard that justification so many times I had taken it for fact.