cross-posted from: https://lemm.ee/post/32365208
Back in the 90s, Jeff Bezos went on record as hoping his employees would wake up on the wrong side of the bed—for the greater good, or for the customer at the very least.
Edit: Courtesy of @CatZoomies@lemmy.world :
Here’s the archived version to bypass the paywall:
I’ve heard they must maximise value by law, it seems that was wrong. If that’s not literally the law, then that’s a relief to hear.
Either way, the line must go up. Can’t continuously deliver a good service: if growth starts flatlining it is made more predatory.
You’re right they have a fiduciary duty. I think what the other commenter was saying is that the interpretation of that duty can be twisted into all kinds of shapes. If someone believed in pro social ideas they could make the case that treating workers with respect and growing sustainably is the best way to continue making money. That a shareholder would demand other crueler or more short-sighted policies doesn’t mean a legal requirement.