this post was submitted on 20 Aug 2025

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the myth of the good tech giant (analognowhere.com)

submitted 2 months ago by not_IO@lemmy.blahaj.zone to c/programmer_humor@programming.dev

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https://analognowhere.com/_/oumuti/

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[–] baronofclubs@lemmy.world 14 points 2 months ago (2 children)

At least in the US, companies have a legal fiduciary duty to protect their investors interests above all else.

[–] ijhoo@lemmy.ml 8 points 2 months ago

https://en.m.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.

[–] infinitesunrise@slrpnk.net 2 points 2 months ago* (last edited 2 months ago)

A change made through court cases in the mid-century. Basically the result of a neoliberal ideological campaign that first normalized the feduciary duty concept in the business world before forcing it on board rooms through the justice system. Before that, boards of companies could make decisions on ethical grounds and not just fiscal grounds. Today, that precedent has transformed boardrooms into terrifying financial automatons.