Lengthy thread discusses how popular criticism of tech is interpreted by CS-literate people. We need better words to express the distinction between e.g. "The PageRank Algorithm" and "The Fundamental Concept of a Relevant Webpage". One involves ethical implications, one doesn't.https://twitter.com/thelastinstance/status/984116402444558336 …
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I'd modify that to "public corporations" but yes, absolutely.
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you're juxtaposing that with the original limited charter corporation, right? I would agree with that but would also note that that type of organization is basically extinct in 2018
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That's fair. I'm thinking of the legal entity of a "corporation" which makes sense for e.g. contractors to form for tax and liability purposes. Not all corporations have a duty to maximize shareholder value, but all public ones probably do.
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afaik yes, that is established legal precedent with C Corps (but IANAL). even if "maximize sharedholder value" isn't explicitly written into the corporate mission statement it is implicit and has been withheld in many shareholder lawsuits.
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*upheld not withheld
End of conversation
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