Showerthoughts

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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.

Rules

All posts must be showerthoughts
The entire showerthought must be in the title
Avoid politics
- 3.1) NEW RULE as of 5 Nov 2024, trying it out
- 3.2) Political posts often end up being circle jerks (not offering unique perspective) or enflaming (too much work for mods).
- 3.3) Try c/politicaldiscussion, volunteer as a mod here, or start your own community.
Posts must be original/unique
Adhere to Lemmy's Code of Conduct

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I don't want to call Twitter X out of spite, but calling the travesty that is X Twitter is an insult to the people that made Twitter what it was. (lemmy.ca)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 2 months ago (1 children)

Not that they are blameless - far from it - but they had a fiduciary responsibility to pursue the deal because it was good for their shareholders

[–] tyler 4 points 2 months ago

That’s not the case at all, though it’s very often believed to be and stated as such on here and Reddit.

https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits

https://web.archive.org/web/20240529061049/https://skeptics.stackexchange.com/questions/8146/are-u-s-companies-legally-obligated-to-maximize-profits-for-shareholders