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US Politics 1w
The torture will continue until shareholder value improves
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Anonymous 1w

What is this referring to?

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Anonymous 1w

Blame the Dodge Brothers for this one. Dodge v. Ford circa 1919. Ford attempted to stop special dividends and reinvest its profits into expanding the company and lowering the cost of vehicles for its customers. However the Dodge Brothers, whom were two disgruntled ex Ford employees, were using those dividends to fund their own competitor company, Dodge Motor Company. They argued it was Ford’s duty as a publicly traded company to maximize shareholder profits. The court ruled in favor of Dodge…

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Anonymous replying to -> #1 1w

capitalism

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Anonymous replying to -> #1 1w

“The beatings will continue until morale improves” is just a popular idiom about authoritarian management styles I’m referring to how the median American is getting tortured by trillion dollar corporations making life worse

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Anonymous replying to -> thelong_islander 1w

…stating “[a] business corporation is organized and carried on primarily for the profit of its stockholders” This set the precedent as we know it today, having all companies publicly traded on the stock market, having only a responsibility to its stockholders and getting a return on their investments

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