423
"YOU VOTED FOR THIS": Ford Shuts Down Kentucky EV Battery Operations, Fires 1,600 Workers Right Before Christmas as Trump Rolls Back Emissions Rules (thedailyadda.com)
submitted 8 months ago by to c/antitrumpalliance@lemmy.world
81 comments fedilink hide all child comments
 

“There are a lot more people out here living in abject poverty than what people like to think or admit to. You voted for this—and now we’re paying the price.”

Employees learned of the cuts on Monday in a video message from Michael Adams, CEO of BlueOval SK.

Adams announced the transition would mean “the end of all BlueOval SK positions in Kentucky.”

you are viewing a single comment's thread
view the rest of the comments
[–] 8 points 8 months ago (1 child)

Seriously. Yes, the management of the company could be sued for intentionally tanking a company, but even that would need some egregious shit like emails saying "lol we're tanking the company on purpose" to get anywhere with it.

Long term profits, building brand awareness and goodwill are things companies can aim for instead of short term profits.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 8 months ago

    Remember that scene in the Dark Knight where the Joker holds a giant cash bonfire, burning all that mob cash? I'm pretty sure a CEO would have to do that before they could actually be sued by shareholders for not seeking maximum profit. There are just too many possible paths to profit otherwise, and they're allowed to focus on the long term rather than the short term.

  • permalink
  • fedilink
  • source
  • parent