> You're obliged to maximize their earnings.

Sometimes I think it’s time to give shareholder supremacy a rest. If they don’t like what they own, they can sell it. But this is probably also why I’m not on a board of directors.

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thewebguyd 35 minutes ago | parent [-]

Interestingly enough, Apple at one point had that attitude even under Cook.

> “When we work on making our devices accessible by the blind, I don’t consider the bloody ROI,” Cook said. “If you want me to do things only for ROI reasons, you should get out of this stock.”

That was back in 2014.

But I do agree, it's time to normalize telling shareholders where they can shove it. If they don't like it, they can sell.

	▲	skeeter2020 12 minutes ago \| parent [-]
		Ironically (and perversely) it's much easier to do this with exotic cap tables that keep voting rights and ownership effectively split. You needed a very valuable company to make this work and the most obvious example (Meta) is not exactly a beacon of corporate governance.