- cross-posted to:
- technology@lemmit.online
- cross-posted to:
- technology@lemmit.online
Return to the office? These workers quit instead.::When Rowan Rosenthal heard about Grindr’s return-to-office mandate during a virtual town hall meeting in August, anxiety, confusion and anger set in. The principal product designer lived within a 25-minute bike ride from the company’s Brooklyn office but instead was required to report to one in Los Angeles, where Rosenthal’s department was assigned. This doesn’t make sense and there’s no way this will happen, Rosenthal thought. But it did happen. And two weeks later, Rosenthal realized that desp
All of that pales in comparison to this:
We created X growth in profit for our shareholders.
If a company is publicly traded, the shareholders are now by law their highest obligation. It doesn’t matter if that growth comes in the form of new clients or salaries unpaid through RTO policies. No other appeal matters other than generating more profit than the previous quarter at any cost.
Not maintaining. Not healthy business. Growth at any cost.
Wait, you have a law making the shareholders the most important for the companies, seriously ?
Yep, see the Ford v Dodge case
The shareholders are the owners of the company. If they feel (doesn’t matter what really happened) that there is any impropriety or fraud they can sue.