I think he got talked into thinking the Twitter files were real.
someguy3
joined 1 year ago
You're asking on Lemmy? Star Trek.
Yes but that part is not exactly as strong as you portray. The BOD has the power to decide what to do and how to do it, so they can decide on pretty much anything and say it's for long term return. They can decide on doing more environmentally, DEI, ESG, the rarely seen good wages, keep manufacturing in the west, donations, whatever. They have pretty much complete leeway and can always say it's for long term return. Also the main (only?) way for the shareholder return obligation to play out is a class action lawsuit by the shareholders, who they are the majority of. (You may hear about it a lot because the far right is trying to rely on this idea to prevent companies from doing anything they don't like.)
When they are private they still have shareholders, the shares are just not available to the public. When it goes public is when some of those private shareholders want to cash out. So they drive the fundamentals however and sell the stock over the next years.
Protest the merger? There's nothing they can do.
And after that do you expect them all to up and leave? Every single one? I don't know what world you live in.
Knowledge is knowing tomato is a fruit.
Wisdom is not putting it in a fruit salad.
You compare cities of the same size. You don't compare Toronto to NYC.
Which is ironically part of the problem. Rich parts want to keep their tax money for their education. Poor parts get nothing.
Where I am all the schools are funded by the province and funded the same.
Look at pictures of the freeways of most US cities, it's far, far beyond what we have.
With the exception of certain cities like NYC, from what I hear US transit barely exists or exists in a token form that's not really usable. We can complain ours isn't good enough but it's certainly there. It's hard to tell because the complaining sounds the same, but I've come to conclude the US transit is far worse.
Am Canadian. From what I gather they're pretty similar. We have the same scenario of lots of land, cheap energy, (relatively) young cities that could change to be car dependant as they grew. So lots of big houses, big stores, etc.
The differences: I don't think our inner cities hollowed out with white flight, don't have as much segregation (it's actually quite the melting pot), while we have plenty of car dependency I don't think it's quite as bad as the US.
We have more progressive things like universal healthcare, decent public education. The US really seems intent on not having those because, as I see it, they don't want black people to have it.
Feel free to ask anything.
Man child.