11 points
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5 points
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can literally be sued if they don’t put profits above all else. it’s insane.
edit: fact check says, misleading, see source below
4 points
6 points
Thanks for the clarification.
The last sentence of the article however, shows why that’s not much of a consolation:
In other words, it is activist hedge funds and modern executive compensation practices — not corporate law — that drive so many of today’s public companies to myopically focus on short-term earnings; cut back on investment and innovation; mistreat their employees, customers and communities; and indulge in reckless, irresponsible and environmentally destructive behaviors.
3 points
