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Top-level
 @BrickDuck @Radical_EgoCom I agree with your sentiment, but we’ll never get there because corporations aren’t people. They have no moral compass, no compassion, nothing. Their only purpose is profit and they are punished by shareholders if they don’t go to extreme lengths in pursuit of it. Dignity and fairness are not priorities for corporations, only profit. For example, Netflix paid their CEO more money last year than the writers are requesting over the course of their entire contract. 5 comments
 @Seruko @aburtch @BrickDuck @Radical_EgoCom correct. "so we don't have to give a shit about social and environmental impacts as long as shareholders make bank?? Sign us up!" @Seruko @BrickDuck @Radical_EgoCom Sure, there are B Corps and sole proprietorships who care about their employees. And it may not have always been that way. But the reality we live in today is that CEOs have more money than they can spend in 1,000 years while teachers have to work multiple jobs to get by. And it’s not changing unless someone makes them. So far no one can or has. @aburtch @BrickDuck @Radical_EgoCom The companies in question are all about profit and pretty much, only profit. It's been clear as long as they have been around. I don't understand someone defending a company that has such unbelievable inequity in pay. Or defending companies that use people and their art without just compensation @aburtch @BrickDuck @Radical_EgoCom exactly. A corporation has only one purpose: to give the stock holders profit. It's literally the only thing they exist to do. |
Gregory's Server
@aburtch @BrickDuck @Radical_EgoCom the history of the belief that corporations exist only to make a profit is fascinating and relatively new. It's not codified in law, charter or history. It's a fairly radical rewrite of history, and ignores virtually all of the last 300 years of practice.
https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits