alt Hacker NewsIt's unfortunate how it's perfectly rational for a board to want their CEOs doing just enough fraud/backchanneling/cosying-up-to-suspect-world-leaders to maximize shareholder value, as long as they're not getting caught/... in ways that overall minimize shareholder value.
Replies
unsupp0rted • today at 7:36 AM
That's not unfortunate: that's the way the system is designed to work:
* Corps maximize shareholder value
* Govs make laws/penalties to avoid too much harm/risk by corps
* Press keeps everybody accountable
It's great when everybody's doing what they're supposed to do, which obviously isn't often enough.
Unfortunate is when corps are so in bed with gov that they don't bother innovating or growing, and when press is so in bed with gov that they might as well not exist at all.
I don't think it's rational for boards to encourage fraud, as it is illegal, nor does it happen much. The others sure.