this post was submitted on 11 Aug 2023
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Technology
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It sucks for consumers...
It sucks for writers...
It sucks for actors...
It sucks for vfx workers...
And the CEOs running the companies and making all the money claims it sucks for them too because after their last couple years of shit decisions, they're making slightly less money.
So maybe those shareholders should re-evaulte who their CEOs are?
Maybe get rid of the people who killed the Golden Goose because they wanted to eat it?
If they’re not losing money, shareholders do not care. The end goal of a corporation is to maximize profits for the shareholders within the confines of the law. So until they start actually costing shareholders substantial amounts of money they will do nothing.
And if the fine is greater than the profit, or they don't get caught, that's okay too.
Yep. It’s easier to just break the law, pay the fine, and continue making billions over actually stopping the activity that causes the fine. That’s what happens when it’s almost impossible to hold anyone actually personally responsible force actions of a corporation.