Is it time for a class-action lawsuit by American stockholders? https://www.cnbc.com/amp/2019/08/19/the-ceos-of-nearly-two-hundred-companies-say-shareholder-value-is-no-longer-their-main-objective.html … (Or maybe technically by global investors in American equities).
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Not MY savings! It’s only OK if they do it to other people’s savings! :P Is your argument that it’s a violation of contract/promise and therefore ipso facto bad? Or because it’s a slippery slope from “we aren’t optimizing for shareholder value” to full-on scams? Or...?
FWIW, I would fully support shareholders taking up lawsuits. I’m also interested in exploring other models for growth. Genuinely don’t know what’s best here....
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Just to be clear I'm not saying anything about the trickier question of what collective contractual undertakings are good. Just saying if you agree to take people's money to invest it for profit, and then do something else with it, it's blatant theft.
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