[golergka]

I think the point of this case is that they don't have to be moral at all. They penalise the company for doing bad things not because they think it's bad, but because they have financial incentive to do so.

[takinola]

Markets are not about morality. They are designed to allocate resources optimally. If you want moral outcomes, you would need to inject incentives that make those outcomes optimal for the market participants

[golergka]

Whatever the incentives, they already decided to include DEI commitments into their obligations to shareholders.

[forgetfreeman]

Point of Order: markets are designed to make money, which is orthogonal to optimal resource allocation.

[Nasrudith]

And what is money but a proxy for the sake of resource allocation?

[forgetfreeman]

Explain Enron.