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] 2 points 2 weeks ago* (last edited 2 weeks ago)

You can sue anyone for any reason in the US. It does not mean you will win.

That's also a civil action, not a criminal one. A disagreement in contract law, i.e not something that is illegal.

The actual fiduciary duty executives have is to be beholden to their board and shareholders. They can still decide to make long term and humane choices in guiding their companies. That is their remit, they all just pretend not to have it so they can kill people and destroy lives for personal profit.