Quote:
Originally Posted by aerohead
Automakers have a legal,fiduciary responsibility to pay the highest dividend to the shareholder.Selling EVs at a loss is a way to ultimately make profits.
Your retired kindergarten teacher's pension fund income likely comes from profits derived by predatory automotive and oil corporate practices.
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Ok, last off topic post here, sorry.
The "legal fiduciary responsibility to maximize shareholder profit" thing seems to have been made up in the 1970's, and doesn't really exist:
http://evonomics.com/maximizing-shar...-dumbest-idea/
Sam