Any company that becomes publicly traded gets turned to the dark side. That’s the factor that does it because they have a legal requirement to do everything they can to maximize profits.
Trying to sustain perpetual growth will always lead to companies fucking over their customers and employees.
There is also the B Corp designation (short for Public Benefit Corporation) which allows a company to balance its responsibility towards the share holders with some other benefit it aims to provide where the share holders aren’t the (only) beneficiaries.
Any company that becomes publicly traded gets turned to the dark side. That’s the factor that does it because they have a legal requirement to do everything they can to maximize profits.
Trying to sustain perpetual growth will always lead to companies fucking over their customers and employees.
While I feel this is true there are so few privately owned companies that prove this as fact. Holds breath that steam never fucks over its customers
That’s likely in part due to the fact that they’d really like to he publicly traded.
There is also the B Corp designation (short for Public Benefit Corporation) which allows a company to balance its responsibility towards the share holders with some other benefit it aims to provide where the share holders aren’t the (only) beneficiaries.