this post was submitted on 18 Feb 2024
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I know the board has some fiduciary duty, but can a company put some guardrails on it when they go public, like saying the environment will always come first, or employees or customers or something?

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[–] PhlubbaDubba@lemm.ee 32 points 9 months ago

Yeah fiduciary obligation comes before everything else.

Wasn't always that thing, companies used to be able to use what was called the 1 2 3 rule, meaning their priorities were to 1) the customers, 2) the employees, and 3) the investors.

However neoliberalism came along and now investors will be calling lawyers if the customer or employee factors in at all save for calculating how much you can screw them over before you're facing a boycott or strike.