this post was submitted on 22 Aug 2023
1862 points (99.1% liked)

Programmer Humor

19623 readers
2 users here now

Welcome to Programmer Humor!

This is a place where you can post jokes, memes, humor, etc. related to programming!

For sharing awful code theres also Programming Horror.

Rules

founded 1 year ago
MODERATORS
Feyter@programming.dev
anzo@programming.dev
BurningTurtle@programming.dev
pylapp@programming.dev
1862
Oh yay new features (aussie.zone)
submitted 1 year ago by dbilitated@aussie.zone to c/programmer_humor@programming.dev
137 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] jonsnothere@beehaw.org 4 points 1 year ago (2 children)

That's not quite true: https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits

[–] JaxNakamura@programming.dev 6 points 1 year ago

Thanks for the clarification.

The last sentence of the article however, shows why that's not much of a consolation:

In other words, it is activist hedge funds and modern executive compensation practices — not corporate law — that drive so many of today’s public companies to myopically focus on short-term earnings; cut back on investment and innovation; mistreat their employees, customers and communities; and indulge in reckless, irresponsible and environmentally destructive behaviors.

[–] dbilitated@aussie.zone 3 points 1 year ago

cheerfully withdrawn, thank you for the information