this post was submitted on 22 Aug 2023
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[–] [email protected] 0 points 1 year ago (1 children)
[–] [email protected] 2 points 1 year ago

Thanks for the clarification.

The last sentence of the article however, shows why that's not much of a consolation:

In other words, it is activist hedge funds and modern executive compensation practices — not corporate law — that drive so many of today’s public companies to myopically focus on short-term earnings; cut back on investment and innovation; mistreat their employees, customers and communities; and indulge in reckless, irresponsible and environmentally destructive behaviors.