#FALSE: There is a common belief that corporate directors have a legal duty to maximize corporate profits and “shareholder value” — even if this means skirting ethical rules, damaging the environment or harming employees. But this belief is utterly false. To quote the U.S. Supreme Court opinion in the recent Hobby Lobby case: “Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.”

Emphasis because people need to wake the fuck up and learn the truth instead of perpetuating corporate propaganda

It doesn’t have a duty to shareholders… shareholders choose the company and accept risk.

Microsoft’s had 10,000 layoffs

I did an intuit calc that was generous, and ended with a cost of $387k/employee as a hypothetical.

That’s $3.87 billion for a company with $99b in the bank, that just bought activistion for $70m.

So you can’t float $3.87b for a year or two, freeze hiring and move people around?

To put it into perspective, would you find it selfish if a local Small business had $1m in cash, and it cost them $40,000 to keep 10,000 people employed?

Yeah people would riot.

When you scale it to working class numbers, you can see it’s a slap in the face of corporate propaganda

Here’s the thing that gets me though, so many of these places have cash. Apple can’t just tell me they can’t eat salary for 2,000 employees for 5 years while weathering until the next cycle.

Like I respect your view, but realize you’re parroting corporate defined normalcy; “This is just how things work”.

But why. Apple has trillions in cash. Trillions. Payroll and OM costs for a decade of 2,000 employees isn’t going to make a dent into a trillion dollars.