this post was submitted on 09 Dec 2024
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"Have a duty to shareholders to maximize profits" musk is scurd. (slrpnk.net)
submitted 2 weeks ago by ByteOnBikes@slrpnk.net to c/whitepeopletwitter@sh.itjust.works
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[–] HandwovenConsensus@lemm.ee 2 points 2 weeks ago

Unfortunately, that's not true. Dodge vs Ford Motor Co established the precedent of shareholder primacy when Henry Ford was successfully sued for attempting to reduce dividends in favor of reinvesting profits.