FenrirIII@lemmy.world to Technology@lemmy.worldEnglish · 1 year agoMicrosoft CFO calls for 'intensity' in an internal memo, after blowout earningswww.businessinsider.comexternal-linkmessage-square16linkfedilinkarrow-up15arrow-down10file-text
arrow-up15arrow-down1external-linkMicrosoft CFO calls for 'intensity' in an internal memo, after blowout earningswww.businessinsider.comFenrirIII@lemmy.world to Technology@lemmy.worldEnglish · 1 year agomessage-square16linkfedilinkfile-text
minus-squareonslaught545@lemmy.ziplinkfedilinkEnglisharrow-up0·1 year agoThey actually have a legal obligation to maximize profits. It’s insane.
minus-squareThirdConsul@lemmy.mllinkfedilinkEnglisharrow-up1·1 year agoTechnically they don’t - it’s a lie told often by CEO. But its a lie. https://law.stanford.edu/wp-content/uploads/2023/01/Fiduciary-Duties-of-the-Board-of-Directors.pdf
minus-squaregandalf_der_12te@discuss.tchncs.delinkfedilinkEnglisharrow-up1·1 year agothe way i understand it, the company has an obligation to fulfill “shareholder’s requests”, which is maximizing profits in 99% of cases, at least on publicly traded companies.
They actually have a legal obligation to maximize profits. It’s insane.
Technically they don’t - it’s a lie told often by CEO. But its a lie. https://law.stanford.edu/wp-content/uploads/2023/01/Fiduciary-Duties-of-the-Board-of-Directors.pdf
the way i understand it, the company has an obligation to fulfill “shareholder’s requests”, which is maximizing profits in 99% of cases, at least on publicly traded companies.