Comment by DrScientist
7 days ago
> If any person on the inside stands against that, they won't stand long. Investors, executives whose pay depend on it, etc. will make sure of that.
Not in my experience. Even investors are people too ( or the investment companies reflect the values of the people running it ).
Sure there are people who believe the only role of a company is to make money ( eg Milton Friedman ). However that's an opinion - not a fact.
Other people have different views and run their companies, or place their investments, accordingly.
Even if you believe all that matters is the bottom line - you still might take the view that doing reputational damaging stuff like this is bad for the long term bottom line.
That's not to say that I don't agree with you that companies will face pressure over the bottom line, and outside regulation is absolutely important. However you should realise that part of running a large public company is aligning your investors to how you want to operate. If you want to take a long term ethical stand then you attract those type of investors and try and get rid of the short term money men.
Like, attracts like.
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