241
T-Mobile imposes $5 monthly price hike on customers using older plans
(arstechnica.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 23 May 2024
241 points (96.9% liked)
Technology
59385 readers
932 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
I don't think you all understand, the T-Mobile CEO has a fiduciary duty to shareholders, which is a responsibility to act in their best interests and their sole interest is making money. If the CEO doesn't turn over every stone to find a way to make money or reduce costs, they're breaking the law.
Oh wait, you all do understand this horseshit better than most. Lemmy is my sane place 🥰
Making money == making as much money as possible. They just gotta stay in the black
Yes it can also be argued that stupid short-term gains like this can lead to less revenue in the long run which isn't doing your fiduciary duty.
What's sad is the fact that the whole concept of a fiduciary duty to shareholders is overused in traditional corporate culture, and they don't even need to enshittify this much in search of profit under any laws or legal contracts! For a better explainer: https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits