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Winning the interview (lemmy.world)

submitted 3 months ago by trek32 to c/politicalmemes

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[–] [email protected] 16 points 3 months ago

It’s illegal for them to not do what helps their shareholders.

This has been repeatedly shown false. They have a fiduciary responsibility to the shareholders, not a legal one. As Tim Apple once told an investor asking about gains on their push for environmental greenness as a company, he told them that if all they want is for the number to go up they should get out of the stock.

Cook then offered his own bottom line to Danhof, or any other critic, one which perfectly sums up his belief that social and political and moral leadership are not antithetical to running a business. “If that’s a hard line for you,” Cook continued, “then you should get out of the stock.”

https://alearningaday.blog/2016/03/12/tim-cook-on-roi