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this post was submitted on 26 Nov 2023
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Asklemmy
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Huggies went up in price, but their cost of manufacturing actually went down.
It's got nothing to do with profit margins, it's just pure greed. Also, the law requires that publicly traded companies be greedy.
The law doesn't actually state you need screw over your customers and maximize profit. It says that executives have a fiduciary duty, which means they must act in the best interest of the shareholder, not themselves.
That does not mean they have to suck out every single dollar of profit. Executives have some leeway in this and can very easily explain that napkins lead to happier customers and longer term retention which means long term profits.
It's purely a short-term, wall street driven, behavior also driven by executive pay being also based in stock so they're incentivized to drive up the price over the next quarter so they can cash out.
Yeah sure, but then you could also say the same about a private business. The CEO works for the business owner, whether the owner is private or public stockholders.
But the reality is that publicly traded companies end up being far more greedy and profit driven than private businesses. In particular, the greedy private businesses tend to taget an IPO, while the more conscientious ones remain private.
???
Maybe I should have said "it's nothing to do with maintaining profit margins" against rising costs.
Gotcha, that makes sense.
How does the law require them to be greedy?
I just assumed that it was shareholders.
Maybe not an exact law to be greedy but aren't they legally responsible for acting in the interest of the shareholders not the consumer
Not technically a "law"...
"The shareholder wealth maximization doctrine requires public corporations to pursue a single purpose to the exclusion of all others: increase the wealth of shareholders by increasing the value of their shares. However, a company should be committed to enhance shareholder value and comply with all regulations and laws that govern shareholder's rights."
The" however... " part is largely ignored, except for when it benefits shareholders.
The "however" part you quoted explicitly mentions following the rights of shareholders. From what you described, there's literally nothing else in the doctrine to ignore.
Yeah, your right. I guess I got to the part where it said "comply with regulations and laws" and laughed through the rest.
Lack of competition against an embedded brand name. Change brands.
The brands shuffle their designs to stay ahead of IP laws. Gillette made the definitive shaving razor in 1901, the patent subsequently expired and anyone could make it, now they make new razors every few years to stay ahead of the curve.
With nappies, the correct answer is reusable nappies. It sounds gross, but when you're a parent you quickly learn to deal with all kinds of shit.
You also get funky designs and stuff. The insides are interchangeable, the oustides are fashion.
Depends if you have a second washing machine because you’re now creating a new waste and different expense. Also depends on how much time you have and every dual income family answer the same. None. So no the generalisation that reusables are the solution is not accurate at all. I’d prefer biodegradable nappies any day. The washing machine goes over time as it is with the 14 outfit changes every day.
2nd washing machine?? How many people do you know with 2 washing machines???
"Biodegradable" is a marketing term.
I'm not knocking people who use disposable (biodegradable - HAH) nappies, but that doesn't mean that washing reusable nappies is something impossible for most people. If anything, disposable nappies are a relatively new invention.
Maybe with current electricity prices the maths has changed, but washing reusable nappies worked out far cheaper for me when my kids were using them.
Actually at least two families who have small children AND reusable nappies.
I don’t care for the “marketing” I mean it from the actual definition. Plus where I live companies are held to account for label based claims. So sounds like a US problem tbh.
So you have small children and both parents are working? Notice the plurals. We found with one baby it’s easy enough however the moment we both went to work and even more so with two babies it was impossible extra workload. Out of the friends and families in my circles the ONLY (2 families) that use reusable are the ones with a dedicated stay at home parent. Which is becoming rare more than ever.