#shareholder value

[misfitwashere]

Jeffery Epstein committed suicide too...

#Whistleblower #boeing #shareholder value

[matthewarcher]

prioritizing profit?

people i interview for my research on corporate sustainability and sustainable finance often tell me that they have a legal obligation to maximize financial value for shareholders. they don't normally use this obligation to justify a company doing patently bad things like illegally dumping chemicals in a river or murdering resistant locals (they would argue that this actually diminishing shareholder value by undermining a company's reputation and creating more risks of bad press and regulatory penalties), but they do often use it as a way of justifying a lack of what they consider "philanthropic activities." it's the ideology of milton friedman -- who famously argued that "the social responsibility of business is to increase its profits" -- retooled for an era of greenwashing.

i've been thinking about this "legal obligation" a lot lately as elon musk guts twitter. where are the other shareholders whose financial interests he is "legally obligated" to protect? the only case i could find was the orlando pension fund suing to delay musk's twitter takeover on the grounds that he is an "interested shareholder," which is apparently quite a difficult case to win.

it'll be interesting to see what happens as people who have big stakes in twitter start to push back against musk's chaotic mismanagement of the company, but for now i'm squirreling this story away as an easy rebuttal to future informants who say they have a legal obligation to the shareholder.

#twitter #elon musk #shareholder value #fiduciary duty #orlando pension fund #greenwashing #sustainability #finance #anthropology #political ecology

[ernestbruce]

Boeing: for profit entity whose actions and behavior indicate that it values profit and increasing shareholder value higher than human life

#Boeing #profit #human life #shareholder value #engineering vs management #flying #airplane #737 Max #reputation #goodwill #Youtube

[techmarkethunter]

Chambal Fertilisers and Chemicals Ltd Announces ₹700 Crore Buyback Plan

Title: Chambal Fertilisers and Chemicals Ltd Announces ₹700 Crore Buyback Plan Chambal Fertilisers and Chemicals Ltd, a prominent urea manufacturer in India, recently made a significant announcement on Monday. The company’s board has given the green light for a buyback plan, aimed at repurchasing up to ₹700 crore worth of equity shares from existing shareholders. This strategic move is set to be…

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#Capital Structure #Cash Flow #Chambal Fertilisers and Chemicals Ltd #Earnings per share #Equity Shares #Financial Strategy #Growth Plans #India #Postal Ballot #return on equity #Share Buyback #Shareholder Value #Special Resolution #Stock Repurchase. #Tender Offer Route #Urea Manufacturer #₹700 Crore

[i-am-mr-k]

All this capitalism is sure doing a good job turning me into a communist.

#communism #communism now #socialist #capitalism #shareholder value #worker solidarity

[clwhowrites]

Legal Loan Sharks Backed up by the Law

Imagine someone comes up to you and tells you that they will give you a hundred dollars, but you’ll have to pay him a percentage of your income until he decides you can stop and when he decides you can stop paying him you have to pay him a balloon payment to get rid of him. Would you consider that reasonable? Of course not, no one would, in fact that is illegal (I think). Except it isn’t, it…

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#business #corporations #dividends #economics #economy #Essay #job creation #jobs #loan #loanshark #money #Opinion #politics #shareholder value #shareholders

[superchat]

Going insane reading through the comments in this article jfc

#I think parenting is more than a job and you shouldnt compare it to working at a company because its more important #In their eyes increasing shareholder value is just as important as giving human life love and nurture #Holy shit #Whah a way to start the day

[chronicsheepdrawing]

KOSA Bill. In three days, the bill will either pass or be disgarded. Please reblog and sign petitions. to help stop the bill by going to the stop kosa tag so we can not let the bill pass!

The definition of not safe for work content that would be censored under KOSA is vague and would of course target the LGBT community.

#not art #I'm so tired okay #A Tennessee Governor has allowed public officials to deny same sex marriages if it makes them uncomfortable #Alabama ruled that frozen embryos count as children #and would make it so women trying to get pregnant through IVF can only do so one egg at a time #Even if the egg is knowingly not viable #This process takes months and would be for nothing #Cops can open fire on you or run you over and joke about it with no consequences #As well as cop cities opening over the majority of states and being supported by Israel where they can better train our police in abuse #The industry I want to go into is experiencing massive layoffs and people simply aren't valued as it's all about shareholders and investors #And to top it all off the planet is still dying due to climate change caused by oil and gas companies and their CEOs #Both me and my mom are unemployed and we definitely couldn't afford the place we've been provided if it weren't for assistance #And I'm worried something will get screwed up and we'll just get evicted and this'll all be for nothing #I just don't see the point anymore #I only exist to provide shelter to my family as the apartment is in my name and to hopefully try and pay back those have donated to me #Besides that I just go through every day not seeing any upside to continuing to live but not committed to die

[ardentperfidy]

i'm going to develop a permanent tic if i have to see one more take on last night's succession episode blaming kendall's lack of morals and hurt feelings over shiv's betrayal for the rise of fascism as the way that kendall serves as a stand in for the moral vacuum at the heart of capitalism flies over their heads with a gentle whistling sound

#succession #succession spoilers #like i'm genuinely sorry #that apparently so many people missed so many layers of last night's episode?? #maybe it's because the cnn trump town hall has had me thinking about this a lot #but they made this point on pod save america #that cnn is a company and its goal is to make money and it is beholden to shareholders for that singular goal #like blame milton friedman and jack welch #but the point is that we cannot rely on media COMPANIES operating within the logic of capitalism to save us from fascism #the problem isn't that kendall didn't have the courage to stand up to mencken it's that he had the power to have that choice at all #and kendall was genuinely looking to shiv for advice because he saw her opposition to mencken as genuine #he wanted her to reassure him that he was a good person and that had value to him #he was at least thinking about the moral value of what he was doing #and then it's not that shiv betrayed him #it was that she was playing the game all along #she lost her credibility as a moral voice to him #and revealed rightly or not that it was all about the company and the game #and so kendall went right back to seeing it as a game and not a moral quandary #and he played the game of capitalism #anyway #kendall roy my beloved

[theinnermeyoullneverknow]

I fucking hate "wealth management" companies.

#Like I know our current economic system pretty much requires them #But I can't help feeling that they shouldn't exist #A family member set up an account for me #And I appreciate the thought but #I'm just reading the terms and conditions and I keep going #Fucking bourgeoisie bullshit #I'm not even a communist or actually solid socialist #But goddam #Every bulletpoint is like “we may do this but we don't have to” #Fuck man wtf kind of client agreement is that #I have half a mind to liquidate this account immediately after getting it officially opened but I feel like that would be hurtful #The account managers or whatever there seem nice enough but I honestly don't want them handling money connected to me #They're part of the “shareholders' proffits are the priority” structure and from what little I've seen seem to hold that value #Which I really don't jive with #And like I said their ~contract~ is more about what they're ALLOWED to do that what they are OBLIGATED to do which just seems sketchy #Drunk tumblring #Yes I'm drinking while reviewing legally-binding documents #It didn't start out that way. This bullshit drove me to it. #At least my drinking decent whiskey like the people who actually use these companies. Lol #Fml #Why couldn't you just open a CD at a normal bank ffs #Tbh another reason not to completely close out everything and tell them to fuck off is #that I have aspirations of setting up like a trust fund (or something?) for my disabled friend in case I die #I should get on that #And I figure that's something these people could help with #In spite of what I said before #Idk man #I am just straight-up not having a good time bro #first world problems

[amandine--insensible]

Still working at 21h because I overpromised and I will NOT underdeliver.

#i hate software development actually #born to frolic forced to type some shit to make an electrified rock create value for shareholders #programming #compsci

[hauscrashburn]

#for real #time for that old new yorker comic #yes we may have destroyed the world #but for a short period of time we made a lot of value for shareholders

[beeclops]

BRUH

#HE'S NOT EVEN RUNNING TESLA ANYMORE #LMFAO #tesla #stock #elon musk #elongated muskrat #$800 BILLION IN SHAREHOLDER VALUE LOST #BRUH

[lilbluntworld]

#existential risk #x risk #x-risk #ai #biotech #natural disaster #disasters #shareholder #shareholders #value #corporation #corporations #planet got destroyed #rubikon reminded me of this #megacorp #megacorporation

[quinnathans]

.

#Sunday scaries on a Tuesday because vacation #who is ready to create value for some shareholders #at the expense of having a fulfilling personal and sex life

[clwhowrites]

The Economic and Existential Threat of Shareholder Value.

The Economic and Existential Threat of Shareholder Value.

The concept of shareholder value preexisted it’s rise in popularity and even the phrase “shareholder value”, the idea that a business is more than financially indebted to an inverter is an idea that an inverter would like. The concept of it didn’t really take off until the 1960’s when a not Nobel Prize winning economist Milton Friedman published an article in Fortune magazine called The Social…

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#automation #business #economics #employment #nasdaq #outsourcing #politics #shareholder value #shareholders #stagnating wages #unemployment #wallstreet