like I went to taco bell and they didn’t even have napkins out. they had the other stuff just no napkins, I assume because some fucking ghoul noticed people liked taking them for their cars so now we just don’t get napkins! so they can save $100 per quarter rather than provide the barest minimum quality of life features.
Can we stop with the myth that “corporations/board members have a fiduciary duty to share holders for maximum profit”
It’s not true and never has been! It’s just some bullshit that was said in the 80s that sounds good but has no basis in reality
No?
As long as upper level management receives bonuses based on share price, and the board reenforces that…
The stock market is a voting machine not a weighing machine.
I simply disagree Management generally must keep increasing ARPU average revenue per user or else the market punishes the stock price
What? Everything you just said has nothing to do with fiduciary duty.
The reason the board acts that way is because of this myth. Also many companies have nothing to do with APRU. The stock market is not just Tech stocks and crypto.