People Twitter

5383 readers

894 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

Mark NSFW content.
No doxxing people.
Must be a tweet or similar
No bullying or international politcs
Be excellent to each other.
Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.

founded 2 years ago

MODERATORS

[email protected]

526

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

submitted 2 weeks ago by [email protected] to c/[email protected]

101 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 2 weeks ago* (last edited 2 weeks ago)

They can be sued if they act contrary to their shareholder agreement, articles of association, or other conditions made before the shareholder gain a stake. There is nothing that requires a health insurance company to protect profits by denying 30% of claims. There is nothing requiring a company to focus on short-term profitability at the cost of damage to its reputation in the marketplace, or other negative consequences that could arise from attempting to maximize profitability at all costs.