Bane Mask (thelemmy.club)
submitted 1 month ago* (last edited 1 month ago) by to c/linkedinlunatics@sh.itjust.works
 
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[–] 3 points 1 month ago (7 children)

Here's the thing, Warren buffet argumently the best stock market person in history based everything on long term gains. P&g coke a cola etc long term company long term profit invest in them

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  • [–] 9 points 1 month ago (5 children)

    Sure but he was also investing when the stock market was also slightly attached to reality which hasn't been true in a decade at least.

    It was always gambling but now numbers must go up at all costs

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  • [–] -1 points 1 month ago (4 children)

    That has always been the case and is written into law that a publicly traded company must do anything possible to make more money.

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  • [–] 5 points 1 month ago (3 children)

    It's not actually law and that's just what companies want to be the belief for them behaving reprehensibly

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  • [–] 3 points 1 month ago (1 child)
  • [–] 1 point 1 month ago

    Yes, I believe you're interpreting that page incorrectly. Fiduciary duties are law bindings for specific relationships and situations not applicable for all publicly traded companies to all shareholders.

    I believe you're confusing that idea with the theory of shareholder supremacy that's a claim, popularized by the likes of Jack Welch to support their actions.

    The background comes from Dodge v. Ford Motor Co. in 1919 which stated

    There should be no confusion... A business corporation is organized and carried on primarily for the profit of the stockholders.

    and the interpretation has been quite debated.

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