this post was submitted on 09 May 2025
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chapotraphouse

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[–] D61@hexbear.net 5 points 2 hours ago
[–] Crucible@hexbear.net 5 points 2 hours ago

Hilarious to even try this. Fiduciary responsibility demands extracting every single cent from every drop of blood or you lose your job as CEO, but we get to sue now if they do it in a way that's too icky- buddy wait'll you hear about how all labour is exploitation

[–] jackmaoist@hexbear.net 10 points 3 hours ago (1 children)

Damn who are these shareholders? Is there a list?

[–] stink@lemmygrad.ml 1 points 12 minutes ago* (last edited 12 minutes ago)

Nearly 92% owned by Institutions

Top 10 Institutions Below

Vanguard | 9.35%

Blackrock | 8.16%

State Street | 5.01%

FMR | 3.31%

JP Morgan | 2.68%

Wellington Management | 2.57%

Capital World Investors | 2.36%

Price (T.Rowe) Associates | 2.35%

Morgan Stanley | 2.35%

Geode Capital Management | 2.19%

When you invest in an ETF or mutual fund, you're basically handing your power in decision making to these large institutions.

There's a reason companies like BP and Exxon don't divert to renewables, and one of those reasons is because institutions like these own a majority share in these companies, and get to make the decisions to drill as much as possible for that short term revenue.

It makes sense under a capitalist society because if some old fart has their money tied up into a retirement plan, it's in their institution's best interest to appease them. They don't care about long term profits because they'll be dead before they can reap the benefits! And if that's the case they'll take their money elsewhere.

[–] MineDayOff@hexbear.net 11 points 3 hours ago

These jokers love to pat themselves on the back saying they're so brave and take risk with stocks, but then they throw temper tantrums like when they don't get their "guaranteed returns"

[–] VILenin@hexbear.net 30 points 9 hours ago

Orphan crushing machine sued by orphan crushing machine shareholders for not crushing enough orphans

[–] KnilAdlez@hexbear.net 26 points 10 hours ago* (last edited 10 hours ago)

They are suing because UHC didn't tell them they weren't going to make as much money. Seems the bean counters doubted the power of the-doohickey

[–] Dirt_Owl@hexbear.net 44 points 11 hours ago

My brother in Christ the aggressive anti-consumer tactics is why there is backlash.

Also holy shit can we just stop and think about how fucked up you'd have to be to be one of these shareholders?

[–] corgiwithalaptop@hexbear.net 39 points 11 hours ago

What else can you say except death to amerikkka, death to capitalism, and death to the shareholders?

[–] Cimbazarov@hexbear.net 63 points 13 hours ago* (last edited 13 hours ago) (1 children)

1000 more luigi-dance 's wouldn't be enough to cleanse this land

[–] Lussy@hexbear.net 29 points 13 hours ago* (last edited 13 hours ago) (3 children)

Brother, do we have to Luigi everyone?

[–] hotcouchguy@hexbear.net 17 points 10 hours ago

Shareholders say yes

[–] Collatz_problem@hexbear.net 11 points 10 hours ago

What do you think gui is?