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by Devils_Avocado 2766 days ago
Google/Alphabet get fucked sideways.

Seems you & all the fellow downvoters've mistaken my statement of fact for a statement of moral obligation...

Company agents are employed by shareholders to maximise returns on invested capital. It's literally in their contracts: "you get paid X for improving metric Y by Z".

2 comments

Seems you & all the fellow downvoters've mistaken my statement of fact for a statement of moral obligation...

Nope, it's the calling of statements "facts" when they are quite arguable nothing of the sort. Moral obligation was not at issue here.

Read a S&P500/FTSE100's Directors' contract, then get back to me...
Assigning me homework rarely wins the argument, and it's an argument I have no interest in winning in the first place. I was merely pointing out the error of your analysis.
>Company agents are employed by shareholders to maximise returns on invested capital.

Myth: https://www.nakedcapitalism.com/2014/01/myth-maximizing-shar...