Anonymous ID: 850234 Sept. 24, 2024, 1:30 p.m. No.21650685   🗄️.is 🔗kun   >>0688 >>0696 >>0702 >>0703

They don't Cure disease because it is ILLEGAL to not prioritize SHAREHOLDERS

 

The stock market is what is ruining our country. They made it illegal for a publicly traded company to put their employees first, or their customers. Stockholder primacy was established in this case, Dodge vs Ford, where Henry Ford wanted to increase worker pay, but the Dodge Brothers who were stockholders in Ford at the time sued and won, ensuring the enslavement of our country for over 100 years. Fuck the Dodge Brothers.

 

The fear by Dodge (aside from the fact that they were competitors) was that if a publicly traded company takes investors money, then doesn't prioritize their payout, it could be a ponzi scheme.

 

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

Anonymous ID: 850234 Sept. 24, 2024, 1:31 p.m. No.21650688   🗄️.is 🔗kun   >>0696

>>21650685

 

Shareholder primacy is a theory in corporate governance holding that shareholder interests should be assigned first priority relative to all other corporate stakeholders. A shareholder primacy approach often gives shareholders power to intercede directly and frequently in corporate decision-making, through such means as unilateral shareholder power to amend corporate charters, shareholder referendums on business decisions and regular corporate board election contests.[1] The shareholder primacy norm was first used by courts to resolve disputes among majority and minority shareholders, and, over time, this use of the shareholder primacy norm evolved into the modern doctrine of minority shareholder oppression.[2]

 

James Kee wrote in 1995 for the Mises Institute, "If private property were truly respected, shareholder interest would be the primary, or even better, the sole purpose, of the corporation."[3] However, the doctrine of shareholder primacy has been criticized for being at odds with corporate social responsibility and other legal obligations.[4]

Anonymous ID: 850234 Sept. 24, 2024, 1:33 p.m. No.21650696   🗄️.is 🔗kun   >>0703

>>21650685

>>21650688

 

God and President Trump, please save us from publicly traded companies.

 

In his 1962 book, Capitalism and Freedom, the economist Milton Friedman, advanced the theory of shareholder primacy which says that "corporations have no higher purpose than maximizing profits for their shareholders." Friedman said that if corporations were to accept anything but making money for their stockholders as their primary purpose, it would "thoroughly undermine the very foundation of our free society."[8] His article, "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits", was published September 13, 1970, in The New York Times:[8][9]