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by Nursie 2143 days ago
Depends on the board, and depends on the circumstance.

If the $655M is pitched in terms of "This will save us from lawsuits that could cost billions, go some way towards shining up our tarnished image, increase driver retention and keep the money rolling in", then I imagine it may go down better. Particularly if it can be seen as a way to head off legislation that could cost them more.

Personally I hope they get spanked and have to recognise that their drivers are employees with flexible hours, not some new category of conveniently cheap labour that doesn't have to be properly remunerated.

1 comments

I agree, the question is unfortunately in many of these cases. Will the lawsuits actually cost us billions, or will we get a slap on the wrist and actually be better off in the end if we take that hit. Because we can grow faster now. See Google or Microsoft anti-trust.