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Where does the money come from?
(lemmy.world)
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this post was submitted on 07 Feb 2026
1060 points (100.0% liked)
Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 2 years ago
MODERATORS
A fiduciary duty does not require the CEO maximize shareholder profits in the long-term or short-term. It requires obedience, openness, care, and not acting to enrich themselves.
That is from the loyalty section. Shareholders best interests are achieved by balancing the various duties, as I said.
That is why I said that it isn't about short term profits necessarily. The best interest of the shareholders is not short term profit seeking that destroys the business. It is long term profits and a company that can continue to generate them.
It would be very difficult to argue that decisions damaging profitability in the long term are in shareholders best interests.
In this case, union busting, clearly executives think union busting is in the best interests of shareholders. If that isn't because of profitability, why is it not in their intersts?