"Have a duty to shareholders to maximize profits" musk is scurd.
"Have a duty to shareholders to maximize profits" musk is scurd.
![](https://sh.itjust.works/pictrs/image/9d9d230a-025b-49b3-aea3-a2cc44435de3.jpeg?format=webp&thumbnail=128)
![](https://sh.itjust.works/pictrs/image/9d9d230a-025b-49b3-aea3-a2cc44435de3.jpeg?format=webp)
"Have a duty to shareholders to maximize profits" musk is scurd.
Many people have reported this as a fake tweet. I don't have time to be the tweet police. What is everyone's thoughts about having a link to the actual tweet or other social media link?
Edit: Please stop reporting this. They may have re-posted this from somewhere else and didn't know or it might not be fake. I'm not going to x to find out. From now on, please provide an archived link to all politicians and major figures.
I'm for it. This is like the 15th fake Elon Musk tweet I've seen today
Yes, but an archived link so tweet cannot be deleted.
Good point, I'll change the sticky.
Why not remove it then?
I'm not the mod you're talking to, but I assume they aren't deleting it because OP posted it before providing a link was a rule, and it might not be a fake tweet. I mean it is fake, but I can't prove that.
Personally I'm in favor of mods erring on the side of not removing content if there's any uncertainty, even if it's a bit annoying seeing this fake tweet
This is the way.
well, was it true? I don't wanna go to xitter to find out :(
If this was true....Nd I wouldn't be surprised that he would sya such a thing as... Making profit for the share holders. Is justified even if ruthlessly done....
I remember watching a documentary, it may have been Robert Reich that was explaining how businesses in the 1970's made profits but the difference between the owner and the employee was high but still within a certain logic. Companies still had the philosophy that you should keep your employees for 30 years and treat them with a certain respect whereas today... A lot of big business are there for the shareholder and screw the employee. They are selfish anyway.... Wanting more than minimal salary 🙄
Then again, I love reading Robert Reich.... https://robertreich.substack.com/p/the-paid-what-youre-worth-myth
And yet another good article : https://robertreich.substack.com/p/if-bosses-are-raking-it-in-shouldnt
prolly the wrong climate to be openly admitting profits are more important than peoples lives.
A real "let them eat cake" moment.
I've heard that phrase my whole life and only looked it up now because of your comment. For anyone else that's curious:
"Let them eat cake" is the traditional translation of the French phrase "Qu'ils mangent de la brioche",[1] said to have been spoken in the 18th century by "a great princess" upon being told that the peasants had no bread.
...
The quote is taken to reflect either the princess's frivolous disregard for the starving peasants or her poor understanding of their plight.
Someone might wanna "Deny, Defend, Depose" Musk. 😉
Shh
I couldn't find this tweet on Elon Musk's Twitter feed
Thank you for your sacrifice (of going to x).
It was painful scrolling through his feed 😅
Does that mean he deleted it, or it's fake? I don't know how Twitter works.
Either is possible.
I legit cannot tell anymore whether I'm reading satire or actual muskrat posts
If it's any longer than the comment I'm leaving right now, it's fake. He is never this verbose
right.
I just assume they're fake, they usually are.
He knows better than to agro plebs outright that
He and Trump both are able to navigate working class wierdly well.
I don't get it but they will keep these nepo babies sadly.
Is there a list of healthcare company shareholders?
I guarantee you the companies will start freaking out once their largest shareholders start to be picked off and everyone else sells their shares.
The largest shareholders tend to be retirement funds. It's generational warfare that no one realizes or talks about.
I would disagree that that is an example of generational warfare.
The older people get, the less of their money tends to be in actual stocks, and the shares managed by retirement funds are inevitably non-voting, so they can't even voice what tiny bit of opinion their fraction of ownership would theoretically get them.
The "shareholders" being performed for are the managers of those investment funds.
Making obscene wealth on stock investing is relatively rare, but making obscene wealth investing other people's money and then paying yourself an obscene salary out of the proceeds is far more common.
Those are the people who control the massive amounts of money that companies perform for to drive up share prices.
Why own when you can get paid to control? Then your money isn't on the line and you don't need to be lucky to get rich.
Market linked retirement funds, imo rank among one of the worst regressions in American governance/society.
It broke the employer:employee relationship where your work provides a pension, and you are secured in your old age for loyalty and time worked.
It directly enabled an emboldened a new group of parasites, who run hedge funds to gamble with other people’s money whilst skimming fees up and down the transaction flows. You win, I win - you loose, I win.
And those ‘smart people’ crash the economy every 10-15 years due to their collective greed and over leveraging in order to take the maximum profit they can - or society as a whole “lands softy” due to central banks fiscal policy via inflation, and we all see where that’s landed us.
In addition to what ricecake@sh.itjust.works said, this would be generational warfare against…themselves. Old people are exponentially more likely to need healthcare than young people are.
There’s been a bunch of Elon Musk tweets about this guy that are fake. But they’re all things he obviously believes.
"I was just following orders"
-said every nazi ever
edit: not finding this on elons twitter
Because it's not real. It's from reddit, specifically, r/ToiletPaperUSA where it was clearly flaired as fake/satire.
Says it isn't found?
I get the profile on kbin but no posts.
I still use the correct linking because it's supposed to work across federated platforms and if it isn't that's an actual issue.
If killing CEOs reduces their profits, maybe they should work on not having unpopular CEOs
This is obviously fake. That's what other CEOs think, not Musk.
The only duty of CEO Musk is to himself!
???
Did he just condemn people for celebrating the killer and shitting on the killed and then went on providing the exact reason why people are celebrating? He forget to take his meth this morning or something?
It's fake
Should've guessed, sounds too surreal.
So I'm watching Severance right now and it's incredible how spot on the corporate cult portrayal is in that show
There doesn't seem to be any actual record of this being tweeted.
And this is a lie. There is no law about this there is no duty for it. I mean your company is tock might not be the greatest but that is another thing.
Unfortunately, that's not true. Dodge vs Ford Motor Co established the precedent of shareholder primacy when Henry Ford was successfully sued for attempting to reduce dividends in favor of reinvesting profits.
the >80%+ that still use facebook using the laughing meme aren't "the radical left" if anything, facebook is a right leaning platform.
Is this real? I have no idea how to even access twitter anymore
It's not even the same jacket. Fucking boston bomber mkII
"We're forced to!"
Are you against that?
You spent a shitload of money, scheming to reshape American democracy. Was a single penny spent toward untying your tortured hands?
Do any of these assholes ever address this, as anything besides an excuse for their individual evils?
No of course not its just another bad faith conservative argument
fake post!
True as anything else from xitter.
It'd be a shame if something happened at Elon's next Lie Fest Conference
Worried Elmo? I hope so. Though I’d prefer you were terrified, you parasitic oligarch.
Apparently it's fake, but sadly it's too easy to see this being said.
Right, this is at your government needs regulations to ensure companies are working in our best interests. Libertarians are incapable of understanding this kind of logic.
He's afraid
he should be scared
Is this a real tweet? Because holy shit hes so close to understanding why private healthcare is so bad.
I can agree with Elon that the scorpion will sting.
What do the rest of us do with that info?
Good god I wish he was next.
Public healthcare sounds better now. Purdue Pharma did some shady stuff to addict people to opium. Surely we should stop being upset at them maximizing their wealth too (they didn't quite have shareholder, afaik. Just an oligarch family bribing doctors)
*Radical center.
It's not just the left
Legally correct.
It's a fiduciary duty, not a legal one. It's an expected act, but no law says they must maximize profits at any cost.
Its an expectation that can be changed and tempered like any other, but the rich class doesn't want to own up to deciding to destroy people's lives for their profit, so they hand wave and pretend like someone made them do it.
Maybe a few more bullets will debase them of this clearly reckless belief.
Which goes to show how legality isn't a measurement of correctness.