this post was submitted on 10 Mar 2025
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[–] VitoRobles@lemmy.today 16 points 22 hours ago (5 children)

They'll bend eventually. Money does that.

Remember when DeSantis went to war with Disney? And Disney destroyed him and any chance he had to being a presidential candidate and we all cheered? Then Disney went around to make allegiance with all the non-DeSantis Republicans?

It's all money for stockholders at the end of the day. Not people, not who sits at the throne.

[–] Aux@feddit.uk -1 points 21 hours ago (4 children)

But people are the shareholders.

[–] Kecessa@sh.itjust.works 6 points 20 hours ago (2 children)

Corporations are the shareholders they care about, people like you and mean never own a majority of a company's stocks

[–] Aux@feddit.uk 2 points 19 hours ago (1 children)

They care about all shareholders as it is the law.

[–] Kecessa@sh.itjust.works 4 points 16 hours ago* (last edited 16 hours ago)

What I'm saying is that when you say "people are the shareholders", they're not the shareholders that matter. BlackRock, Vanguard, Fidelity, these are the shareholders that major publically traded companies care about. They might technically need to care about retail investors as well, in the end they're not the ones who have the power to sway the votes one way or another.

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