this post was submitted on 13 Oct 2023
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cross-posted from: https://hexbear.net/post/830212

The absolutely beautiful reason that I can tell that they still aren't agreeing to Fords concessions is because they in solidarity with new workers that don't even exist yet, are demanding that Fords new battery plants they are building be placed under the same labor agreement they are fighting for.

"The UAW, according to Ford officials, has taken a hard line on requiring the company’s four new battery plants be placed under the terms of the labor agreement."

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[–] [email protected] 10 points 11 months ago (5 children)

I dunno man, I had a management professor raise an argument that a publicly traded business had only one function, and that was to provide value to its shareholders. Anything else, such as charitable donations, could be considered stealing from its shareholders - unless it provided a return on investment (e.g. a charitable donation provided good PR which caused more people to buy your product).

I don't think the professor truly believed the argument he was making, but more presenting it as a "this is how many successful businesses operate and how they justify it".

[–] [email protected] 8 points 11 months ago (4 children)

It's actually Supreme Court precedent that will allow shareholders to sue if a public company doesn't choose the most profitable way of doing business.

So in a public corporation, they have to choose the most evil way of doing business.

[–] techt 12 points 11 months ago (3 children)
[–] [email protected] 3 points 11 months ago

Thank you for sharing this, I heard that justification so many times I had taken it for fact.

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