Can we guillotine these bitches yet?
this post was submitted on 16 May 2024
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This is due to activist investors.
That's people who'll buy up enough stock to be allowed at shareholders meetings and then they'll fucking DRILL the C-suite non-stop, derailing the meetings.
It's a good strategy, even if it forces you in bed with evil. Make the rest of the shareholders undeniably knowledgeable and then theyll have to contend with shame or don the moniker themselves. Or start demanding ethical business practices themselves, which is what the lawsuit is ultimately trying to avoid.
So you are suing ... the people that partially own your company? Only in America can you sue someone without any good reason and still win by default because you have more cash on hand. Cash the defendant partially provided no less.
Presumably the "reason"/standing is that shareholders talking about climate change might reduce the company's value hurting the other shareholders
The funny part would be that they actually might win because share value is more important than the environment.
Scum of the planet