ABC's shareholders are Disney. Whatever Nate offered them isn't even a rounding error in Disney's $36 billion dollars in profits last year. The shareholders aren't going to care.

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hibikir an hour ago | parent | next [-]

It's not that a shareholder won't care, but that the modern US company is such a large basket of businesses, it's impossible to put any pressure on a random business unit throwing money away. So, in practice, there's very little pressure to do things right, and a lot of pressure to do what your boss prefers, whether it actually helps the company's profitability or not. There can be negatives if you are doing massive damage to the company's image, but even then, ABC has done more than a little bit of that over the last couple of years to no ill effects. Just ask Kimmel.

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themafia an hour ago | parent | prev | next [-]

> shareholders are Disney

Who's shareholders are the public.

> The shareholders aren't going to care

This is not a valid defense in court. You can't let "attitude of investors" override "sound financial decisionmaking."

	▲	slipheen 36 minutes ago \| parent [-]
		I'm not defending them or this behaviour but it sounds to me like they may think the message/threat this sends to silence future criticism from other people, outweighs the immediate sum. (Internally I'm sure they could probably phrase it some other less negative way such as chance of people confusing the brand as still owned by them, etc) association

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lotsofpulp an hour ago | parent | prev [-]

Disney's 2025 profit was $12B:

https://www.macrotrends.net/stocks/charts/DIS/disney/net-inc...

	▲	themafia 44 minutes ago \| parent [-]
		So what amount of profits insulates you from lack of fiduciary responsibility? "It's okay set millions of dollars on fire because we have billions in this pile over here!"