Ford v Dodge is required reading
Hey, chat, is this real?
>>524638036
>>524638036The problem is that increasing product quality is a viable business strategy so any lawsuits would fail if a board decided to adopt a long term forward thinking quality focus plan instead of a quarter by quarter revenue pump.
>>524638036Those businesses still need to operate within the law. They can't abuse workers, they can't illegally dump chemicals, etc. Getting fined into oblivion or shutdown isn't a good business model, nor does it benefit the shareholders. Plus, individuals don't want to go to prison for committing crimes.Democrats/Leftists are literally incapable of understanding secondary and tertiary effects, they're incapable of understanding incentive structures and they think most humans would purposefully harm others for the sake of sadism, envy and greed (a classic leftist projection).They're the same morons that think McDonalds would purposefully poison and kill their customers if the FDA didn't exist, because everybody knows the way you become a rich businessman is by killing your customers and getting sued and imprisoned for fraud and manslaughter...
>>524638152Ford actually won Ford v. Dodge. CEOs are given a wide range of latitude to do what they think is in the companies best interest. For instance, raising wages can attract top talent and keep your company an industry leader. Environmental responsibility avoids fines, public backlash, and long-term dismantlement of the industry. The real issue was when CEOs started to get the majority of their compensation in stock. They lost a stake in the long-term health of the company guarenteeing them a great salary and retirement, and intead were given a huge incentive to make the line go up in the short term.
Reddits understanding of fiduciary responsibility is laughably wrong
>>524638636>Getting fined into oblivion or shutdownI can't think of one instance of that happening to a publicly traded corporation.
>>524638874Just research it. There's been thousands of documented cases of fines and shutdowns over the last 100 years in the US.
>>524638636Retard alert.Look at the rates the public was harmed before protections were implemented. It’s usually negligence rather than malice, but the effect is the same. Less people hurt due to regulations.
>>524639135>fines and shutdownsYeah for boycotting Israel
>>524638036When have you ever heard of a shareholder lawsuit? They never materialize. They're like a boogeyman. Disney has been underperforming for years and there have only been vague rumors of a shareholder lawsuit that pop up from time to time.
>>524639255>it’s usually negligence rather than maliceNot if they purposefully hire tards to lead to accidents to justify whatever from exporting the job over seas or hiring cheap labor imported or worse like the wonderlic test controversy where a wannabe cop scored TOO HIGH on a written part so they barred him from being a cop and he tried to sue. It’s the Hilary Clinton defense. “She was not aware she was breaking the law” and you’ll have coney or some other fbi stooge say “we can’t prosecute someone who didn’t know they were breaking the law…. But we would anyone else!”
>>524638036Frogs and boiling water. Producers will continue to make a product worse and worse to the point that consumers will no longer accept it. Why do i need to spend 10 dollars to make a product i sell for 15 dollars, if customers will just accept an inferior 5 dollar product for the same15 bucks?
>>524639135Name one instance of it then.I can't find anything doing a quick search.
>>524639590Just start your own widget factory bro
>>524639255Okay? And most regulations are overbearing and are specifically put in to destroy competition. The biggest supporters of increasing minimum wages, increasing safety precautions, increasing licensing laws, increasing zoning laws, etc. are megacorporations, because they know it destroys small businesses.Leftists are incapable of putting 2 and 2 together. You're the same idiots that claim to support labor unions and massive wage increases, while simultaneously supporting mass-immigration and taxing the shit out of corporations, not understanding the actual outcomes of these policies.Even Libertarian-Capitalists don't think you should be allowed to dump dangerous chemicals into rivers and lakes that harm other people. You would still get sued and shutdown. You Leftists create an imaginary boogie-man in your mind where right-wingers are like the monopoly man and don't care if they kill their employees and their customers. It's just Leftist projection and the inability to understand incentive structures, or even basic economics.
>>524639870Enron.
>>524638260reminder that the vast majority of us corporate law was written in between the time London attacked the USA to prevent the original 13th amendment from having its final ratifying signatures at the VA statehouse (aka the war of 1812) and when the south seceded from the corporate marriage sine die ("without delay") in 1865
>>524638036nah fuck ford and dodgechevy for life its not even close
>>524638036Henry Ford donated to the NSDAP when it was still campaigning because he knew Gottfried Feder's works and that National Socialism would fix the world
>>524640328Enron was so big that they had to make the primary target of 911 out of it
>>524638152Yes it's real ford wanted to give e the workers a lot of the profits that the company made because he believed that without them he wouldn't have shit so he wanted to show them that they mattered and then the shareholders sued ford and that bullsgit happened one of the worse things the Supreme court did
>>524640164>biggest supporters of increasing minimum wages, increasing safety precautions, increasing licensing laws, increasing zoning laws, etc. are megacorporationsNigga, you dumb
>>524640737man, fuck trying to work on a chevyford & dodge way easier
>enshittifiedYou have to go back
>>524641002It was not just SEC that was in that building, but IRS, INS, DOD and CIA, that had their records destroyed. What a coincidence.
>>524638036the stock market ironically makes companies worse in the modern day and age since these companies don't necessarily produce anythingtech companies biggest source of revenue is advertising and always has beenbeing a shareholder of these tech companies essentially means more ads everywhere
>>524640328Fair enough. The fines were marginal though and it largely collapsed due to massive fraud that lost investors money.It wasn't enshittification, fines or government intervention themselves, or harming public health.On the bright side, they were actually refused a bailout.
>>524641215not to mention, The Hartfordwtf was The Hartford doing in there?one of their executives went to work for the obama administration, after all
>>524641239There's nothing wrong with the stock market. The problem is the incentive structures around it.The reason so many corporations just buy back their own stock is because it's more profitable then actually expanding employment and doing more research and development. Change the incentive structure.Leftists want to bitch about fossil fuels destroying the Earth, but they never question why the USA hasn't built a nuclear power-plant since the 1970s (until the Vogtle Units), or why it takes 15 years just to build and begin operations, not even accounting for how long it takes until it's profitable. Then they say we should subsidize solar energy which lacks the technology to be profitable (which is why most energy companies dont really touch it) and still requires massive amounts of mining and energy to build the batteries, panels and utility lines.Change the incentive structure. When you see Exxon starting solar and/or nuclear projects without government subsidies, you'll know the technology is there and the projects will actually be profitable and sustainable.
>>524640639>>524638260Reminder that under old republic American law, corporations aren't even legally allowed to exist
>>524638036"The Customer Is Always Right" as well as Antitrust Laws (which focus on the Consumer) mean that Enshittification is actually illegal under Ford v. Dodge.
>>524644359Yeah the customer always right or the shareholders always right or is the government always right?
>>524644435Government > Customer > Shareholder > EmployeeThat's the order.
>>524638260why arent companies being sued for pushing woke shit then when it actively destroys branding? jaguar is dead, bud light is dead, streaming platforms are dying, disney is bleeding money, but nobody got sued even when pushing "THE MESSAGE" actively tanked stocks.
>>524644887Because Larry fink pays them money to make up for those losses via ESG. No I am not kidding. Therefore, despite the company losing the plot, the shareholders are still making money.
