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| The Shareholder Value Myth (2013) (europeanfinancialreview.com) | ||
| recommended by 1 user | 2018 | 104 points by Tomte | economics | original thread | | ||
| One user recommended this thread. What they said: |
| wool_gather Aug 18, 2018 | on: Mastodon Is Better Than Twitter: Elevator Pitch | context |
It's worth noting that one of the supporting points here
> And Twitter doesn't have any choice in the matter, either. [...] Twitter is a public company, funded by investor money; they thus owe a legal duty to make as much money for their investors as they can
is not, strictly speaking, true. This has been discussed a few times on HN recently. (And this book The Shareholder Value Myth is well worth reading: https://news.ycombinator.com/item?id=17529520 .) There's no categorical legal requirement for a company to make share value the absolute, #1 priority. On the other hand, it may be that enough people believe this duty exists that it has a sort of ipso facto existence.