#shareholderprimacy — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #shareholderprimacy, aggregated by home.social.
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“Ultimately every quarter the executives at Google meet the board and they need to be reporting up into the right projections on growth and revenue.
Those are the key objectives of shareholder capitalism.
If Sundar [Pichai, Google CEO] went to the board and said:
“Morally we need to leave $10bn on the table. Let Microsoft have this contract,” he’d be fired in an instant.”
- Meredith Whittaker, @signalapp CEO
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“Ultimately every quarter the executives at Google meet the board and they need to be reporting up into the right projections on growth and revenue.
Those are the key objectives of shareholder capitalism.
If Sundar [Pichai, Google CEO] went to the board and said:
“Morally we need to leave $10bn on the table. Let Microsoft have this contract,” he’d be fired in an instant.”
- Meredith Whittaker, @signalapp CEO
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The #CEO of #NorfolkSouthern testified they would “make it right” concerning #EastPalestine. A followup question wasn’t asked - Make it right for who? Under the theory of #ShareholderPrimacy “corporations have no higher purpose than maximizing profits for their shareholders”. This is the way they currently operate. The CEO is obligated to protect shareholders first. The people of Palestine and the employees do not factor into the equation. They will do the least they can, to protect shareholders
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The #CEO of #NorfolkSouthern testified they would “make it right” concerning #EastPalestine. A followup question wasn’t asked - Make it right for who? Under the theory of #ShareholderPrimacy “corporations have no higher purpose than maximizing profits for their shareholders”. This is the way they currently operate. The CEO is obligated to protect shareholders first. The people of Palestine and the employees do not factor into the equation. They will do the least they can, to protect shareholders