View Single Post
Old 06-27-2016, 06:30 PM   #2097 (permalink)
aerohead
Master EcoModder
 
aerohead's Avatar
 
Join Date: Jan 2008
Location: Sanger,Texas,U.S.A.
Posts: 16,267
Thanks: 24,392
Thanked 7,360 Times in 4,760 Posts
1970s

Quote:
Originally Posted by samwichse View Post
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
It's genesis probably originates from the Code of Hammurabi,1754 BC,concerning damage to property while left in the care of another.
I liked Lynn Stout's article.Thanks.
Some modern day messengers liken most CEOs to psychopaths,with no concerns beyond profits.And corporations consider that there is a shortage of psychopaths in the market,which explains their high pay (demand-pull inflation).
Around 2010,'compliance vehicles' made up a population of 700,000, in a fleet of 240,000,000 U.S. light vehicles.
If certain beneficial things are to happen,these kinds of statistics will need to stood on their head.
I applaud any affordable EV,regardless of stripe.I'd like to live long enough to see hundreds of millions of them.
My brother lives close to Fernley,NV where Elon has built his massive battery manufacturing facility.I hope to see it in September.
' appreciate your insights.
__________________
Photobucket album: http://s1271.photobucket.com/albums/jj622/aerohead2/
  Reply With Quote
The Following User Says Thank You to aerohead For This Useful Post:
samwichse (06-28-2016)