Quote:
You guys are engaged in a really interesting conversation and all have made good points. This is stockholder theory vs stakeholder theory.Originally Posted by BlueMoon
because it’s logical. The BOD and CEO have a duty to the shareholders, not employees. This company has already laid off employees, while making plenty of money. We are not some privileged group. If it makes sense they’ll do it, I’d argue it doesn’t make financial sense (it’s a lot harder and more expensive due to our contract to lay us off vs a courier) at the moment and don’t think we will get to that point.
Here is a good read: Towards Accountable Capitalism: Remaking Corporate Law Through Stakeholder Governance