this post was submitted on 16 May 2024
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Not the Onion

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[–] [email protected] 8 points 5 months ago* (last edited 5 months ago)

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.