america is literally a business trying to make the most profit possible
Unfortunately, this 100% true, and most people don’t truly realize it. In 1919, Dodge sued Ford, claiming that Henry Ford was operating his company under policies that benefitted him and his workers more than they benefitted the shareholders. The court found for Dodge, and ever since, corporations have been enslaved by their Stock Price, and all company policies have to increase the stock price, no matter what. If they don’t put the shareholders first, the shareholders can sue the company.
That forces companies to abuse and under-pay employees, and make immoral corporate decisions because serving the Stock Price is literally the ultimate objective of every corporation. More than a good product, more than quality control, more than utility to the consumer, more than being a moral company who cares about their employees, the Stock Price is literally the only thing that matters, because that’s the law. Ultimately, the only product that any public corporation cares about, is its Stock.
Unfortunately, this 100% true, and most people don’t truly realize it. In 1919, Dodge sued Ford, claiming that Henry Ford was operating his company under policies that benefitted him and his workers more than they benefitted the shareholders. The court found for Dodge, and ever since, corporations have been enslaved by their Stock Price, and all company policies have to increase the stock price, no matter what. If they don’t put the shareholders first, the shareholders can sue the company.
That forces companies to abuse and under-pay employees, and make immoral corporate decisions because serving the Stock Price is literally the ultimate objective of every corporation. More than a good product, more than quality control, more than utility to the consumer, more than being a moral company who cares about their employees, the Stock Price is literally the only thing that matters, because that’s the law. Ultimately, the only product that any public corporation cares about, is its Stock.