Post #2419801
2024-03-07 21:09 UTC
@zbrando@social.vivaldi.net @elessar@social1.ortolo.eu @rustyshelf@mastodon.social Better for whom? For consumers? For the company's brand? For long-term shareholders? Short-term shareholders?
That's the problem. Our legal system strongly incentivizes Apple executives to prioritize the interests of short-term shareholders - people who want to make money fast - over everyone else. This is true for more reasons than just fiduciary duty, for what it's worth.
Apple's original sin was working with Foxconn in the first place, instead of refusing on the grounds that it would irreparably damage their brand. Could've made a good argument back then. Too late now
Replies (1)
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@zbrando@social.vivaldi.net 2024-03-08 06:19
@neatchee@urusai.social @elessar@social1.ortolo.eu @rustyshelf@mastodon.social I agree with the Apple - Foxconn reasoning. When you say "our legal system" I suppose you mean US system: do you know if in the EU is different? Because the EU Commission should have the people as best interest and so the law should benefit the consumers and corporations have to agree that law whatever the mission to maximize profits is.