this post was submitted on 13 Feb 2025
68 points (88.6% liked)
Technology
62936 readers
3426 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Could they not refuse because they simply don't want to sell?
Shareholders can sue if the board doesn't do the thing that will maximize shareholder value. Probably the basic underlying problem with companies that sell stock.
What shareholders?
In a way they can but the rich live in a very weird world of pretend so depending on what their answer is there may be pretend consequences and altered perception of their worth.
Altman responded that simply their charter of "for benefit of all man kind" is enough reason to decline but he carefully mentioned that the actual bidding price would not matter to come to that decision. He is friends with fascists but not stupid.
This is not how the US works. Your assets belong to me now.
Oh, okay... Can I visit them on the weekends?
Only if you buy them, me, my SO and theirs lunch. And no cheap shit! Olive Garden minimum. Gods do I love breadsticks!