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[–] 39 points 1 year ago (6 children)

I'm conflicted on this one because companies should be transparent, but the current quarterly requirements drive incredibly short sighted decisions aimed exclusively at pumping up the share price every 3 months.

Publicly traded companies don't plan more than like 3 years ahead because of this pressure.

Dodge v Ford, eBay v Newmark, probably lots of other court decisions, all make share price the only thing that matters to a Board of Directors. Nothing about the workers. Nothing about the community. Nothing about the nation...

Would this help? Not sure. But it would make the 3 month window less dominant.

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  • [–] 14 points 1 year ago (2 children)

    I'd say there is a healthy debate to be had about this.

    The thing that is actually concerning is that it came out of Trumps mouth out of the blue, so there is a non zero chance there is a reason beyond the pro and cons of this.

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  • [–] 1 point 1 year ago

    So if they don't have to report (among all the other easing of requirements this administration signs off, such as not having to pay society back, not having to treat workers fairly, not abusing children, not having to stop killing the human race by raping the planet) then they will change the profital goal programming somehow from profits to what exactly? The problem is the lack of a soul. The problems lie all in the demonic roots of a consciousless drive to ravage any resource, from weakest human to strongest deep bore ground water pocket until a winner can be crowned at the edge of time long after our last children gave their final pseudo-empathetic produce to the entity they revered most of the identical brands available

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