#FiduciaryDuty: “…what made this nonsensical #shareholdersupremacy standard so damned attractive to corporate leaders?

Well, what if the #ambiguity of shareholder supremacy was a feature and not a bug? What if the function of shareholder supremacy was to absolve the cruelest people for indulging their most sociopathic instincts? What if this "bright line test" was actually a universal excuse, an all-purpose #accountabilitysink that could be used to justify any cruelty or cowardice?”
@pluralistic
https://pluralistic.net/2026/06/13/minority-shareholder-report/

Pluralistic: Shareholder supremacy and the precog CEO (13 Jun 2026) – Pluralistic: Daily links from Cory Doctorow

Pluralistic: Shareholder supremacy and the precog CEO (13 Jun 2026)

https://fed.brid.gy/r/https://pluralistic.net/2026/06/13/minority-shareholder-report/

Pluralistic: Shareholder supremacy and the precog CEO (13 Jun 2026) – Pluralistic: Daily links from Cory Doctorow

Moral & Economic Calculations

The German stock market experienced a significant decline during the period from 1933 to 1945, primarily due to the economic policies and interventions of the Nazi regime. Here are key points about…

Inani Ludibrio
When the dust settles on the #Crowdstrike #Windows outage, I wager good money we will find that coding was outsourced to contractors paid a pittance, with perfunctory QA. All in the name of cutting costs to boost the share price. See also: #ShareholderSupremacy https://www.wheresyoured.at/tss/
The Shareholder Supremacy

I promise you, everything that's happening makes sense. It all feels so chaotic, so utterly, offensively stupid, so disconnected from reality that it's hard to understand how Meta can run a terrible company with decaying services that's also wildly profitable, or how Meta, Microsoft and Google can proliferate unprofitable, unsustainable

Ed Zitron's Where's Your Ed At