Reason number #3 why we can't have nice things - investors behave like stupid sociopaths who will eagerly set fire to the house to get to a few bucks under the sofa
Https://newrepublic.com/article/172947/80-percent-shell-shareholders-vote-let-world-burn
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@mloxton The older I get, the more convinced I am that "publicly-traded companies" shouldn't exist.
Real business owners can weigh costs against benefits. But publicly-traded companies have to meet their fiduciary duty to their shareholders, which inevitably leads to situations like you describe.
@LouisIngenthron
At this point, the market is largely an engine of stupid