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submitted 6 months ago by return2ozma@lemmy.world to c/technology@lemmy.world

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[–] ArchRecord@lemm.ee 3 points 6 months ago

What's sad is the fact that the whole concept of a fiduciary duty to shareholders is overused in traditional corporate culture, and they don't even need to enshittify this much in search of profit under any laws or legal contracts! For a better explainer: https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits