Current Events > Hot take. Compnaies should be legally obliged to prioritize

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Oshawottownage
05/05/21 10:29:35 AM
#1:


Worker welfare and Long Term company health over short term profits.

CEOS that recklessly or continously take decisions of self enrichment/short term investor enrichment should be personally criminally liable. Considered the financials equivalent of Assualt/Reckless Endangerment as well as human rights violations against the workers for the undue damages to job security, health, etc.


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#2
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Oshawottownage
05/05/21 10:36:37 AM
#3:


Crono99 posted...
I don't see how that can be enforced without creating a gigantic chilling effect in business, though.

-Stricter penalties for safety violations including personal criminal liability for the higher ups in the worst or deliberate cases
-Higher taxes on companies that pay high ranking members too much or do heavy layoffs shortly before or after reporting strong profits
-Banning or stronger regulations on bullshit practices like stock buybacks
-Requirements for better sick leave policies
Etc.

The larger the company the more rules there are.

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krazychao5
05/05/21 10:38:31 AM
#4:


that is where we, as a society, have to incentivize the companies doing good for the world and punish those that do not. how, you ask? you buy stock and hold for those companies you want to see succeed. you shop or pay for their services.

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Questionmarktarius
05/05/21 10:39:30 AM
#6:


Crono99 posted...
I don't see how that can be enforced without creating a gigantic chilling effect in business, though.
There's always a little bit of communism, such as the employee-owned model.
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IShall_Run_Amok
05/05/21 11:15:37 AM
#7:


I agree.
[LFAQs-redacted-quote]

Threatening me with a good time, here.

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EzeDoesIt
05/05/21 11:17:16 AM
#8:


Thats more or less how it was until the 80s and the rise of Reaganomics.

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The Trent
05/05/21 11:20:56 AM
#9:


CElutions

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Robot2600
05/05/21 11:22:46 AM
#10:


The only solution to this is a much higher ($15-$20) minimum wage.

Businesses can only show that they care with money.

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Sackgurl
05/05/21 11:31:15 AM
#11:


you want someone to blame, blame vanguard

they sit on like every corporate board and always vote to prioritize profits because that makes shares (and thus, vanguard mutual fund value) go up.

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