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by wpietri 2940 days ago
> Everything a corporation does is to further its own interests.

This is a common misconception. It's a close cousin of the "increase shareholder value" school of thought, which has widely (and correctly) been called "the world's dumbest idea": https://www.google.com/search?q=the+world's+dumbest+idea

We exist in a complex society. It is everybody's job to maintain that society. We do that through things like voting and paying taxes. But also through making the world better directly. Companies that only do things they perceive to be in their immediate pecuniary interest are essentially parasitic. And, at least sometimes, are rightly shunned for their self-centered behavior.

If Microsoft is trying to grow up and be a good corporate citizen, I applaud them. But if they are, as you say, only putting on a mask of neighborliness because that's their plan of the moment to fill their pockets, then there's no reason to welcome or trust them.

1 comments

If Microsoft's goal is to become a better corporate citizen, isn't anything they do to progress on that goal "furthering their own interests"?
There's a difference between putting on a mask of citizenship because it's profitable and actually caring about the world beyond the size of one's wallet. Confusing the two requires confusing the meaning of "their own interests".
Is there, though? Maybe I'm just cynical, but I don't believe in the idea of "trusting" a corporation at all, because their default behavior (especially for larger companies) is to only care about the bottom line. Once you accept that everything a company does is for their own benefit (even if their actions happen to also benefit others) and learn to take each action at face value, I find it easier to evaluate the consequences of those actions.

The idea of trusting an entity that is designed to try to take your money seems silly and futile to me.

Your argument here is tautological. I'm not saying that one should never use that analytical model, just that there are other ways to do things.

Companies don't act on their own or have beliefs. Only the people that make them up do. The company does need to turn enough profit to sustain itself, but beyond that, it's in large part up to the people who make it up. One of the thorniest problems in investing, for example, is the principle-agent problem, where people act in their own interests.

In America, that's mainly thought about as CEOs and executives serving themselves, not investors. But that's a cultural thing. In Gemany, companies are much more focused on all sorts of stakeholders. That's also often true in America with small and medium businesses, especially ones that are family owned.

Companies are hopefully designed to do whatever the stakeholders want them to do. Sometimes that's serving somebody's rapacious greed. Sometimes it isn't.