this post was submitted on 29 Sep 2023
235 points (95.7% liked)

Technology

34795 readers
228 users here now

This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.


Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.


Rules:

1: All Lemmy rules apply

2: Do not post low effort posts

3: NEVER post naziped*gore stuff

4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.

5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)

6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist

7: crypto related posts, unless essential, are disallowed

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 1 year ago* (last edited 1 year ago)

because otherwise the shareholders eat you alive for not chasing infinite profits.

I think that while the threat is real, the threat being a major motivator for upper management is largely illusory. It's absolutely there, but it's not making them do stuff they're not already keen on doing. Nobody weasels their way up the ladder to do non-profit-maximizing things, occasionally getting reprimanded for not maximizing profit and always one stray "the old phone's fine" tweet away from getting canned. They're willing and enthusiastic profit-maximizers.