I know the board has some fiduciary duty, but can a company put some guardrails on it when they go public, like saying the environment will always come first, or employees or customers or something?

  • bionicjoey@lemmy.ca
    37·
    9 months ago

    This probably isn’t the most profitable way to run their business, but since the shareholders, the one family that owns the entire business, are okay with it, that’s how the company is run.

    This is why we often see privately owned companies making better long term decisions compared to publicly traded companies.