The group, which is seeking unspecified damages, argued that the public backlash prevented the company from pursuing “the aggressive, anti-consumer tactics that it would need to achieve” its earnings goals.
Proving that the problem isn’t the CEOs; it’s the controlling shareholders (aka capitalists). Non-owner/founder/investor CEOs (the majority of CEOs) are hired and fired at the will of the controlling shareholders, so are more like high paid whores, whereas the controlling shareholders are the capitalists demanding the suffering and horrors for ever increasing profits.
Remember, the vast majority of the stock market is controlled by the richest 0.1%, something like 90% of stock is owned by the richest 10-20%, and the poorest half own nothing.
at least that’s what they want to make it look like, so their CEO golf buddy doesn’t get lynched.
What makes me feel like it fits here
This can’t be not satire
Sued because the company didn’t factor in how the death of the CEO would affect earnings and share price.
What a depressing world we live in.
I think earnings and share price tanked because of US cuts tho. The timing matches better. But they seemed ignorant of that or want to distract. CEOs are easily replaced and do little of value. It’s the workers and middle managers who pull the load.
Are shareholders “owner” class or do they do actual work?
Mostly asking because of constant bullshit comments from shareholders at my workplace
