cross-posted from: https://yall.theatl.social/post/3229309
From the Atlanta Daily World:
In a surprising yet increasingly common move, Microsoft has quietly dismantled its team dedicated to diversity, equity, and inclusion (DEI). The decision, communicated via email to the affected employees on July 1, cited “changing business needs” as the reason for the layoffs. While the exact number of employees impacted remains unclear, the team’s lead didn’t … Continued
The post Microsoft Says Bye-Bye DEI, Joins Growing List Of Corporations Dismantling Diversity Teams appeared first on Atlanta Daily World.
Well yeah. The point of a corp is to make a profit. By any means necessary. They are even legally compelled to do so. They are not here to serve us. They are here to take your money. Sometimes even backing you into a corner to force you to do it.
I just got done watching Fallout and I fully believe our corporations would do the same as the ones in the series given the chance.
Edit: after some research and the person below me informing me, I was mistaken about the legal requirement.
They are not legally compelled to do so. That’s a nonsense myth, even for publicly traded companies.
A CEOs job is literally to serve the financial interests of the shareholders.
In fact a CEO can be fired or charged for not doing it.
How is that not legally compelling a company to make the most money possible, when to have their top employee by the balls like that?
A CEO can be fired for anything.
A CEO can absolutely not be criminally charged for not maximizing short term profits at all costs. That’s not what fiduciary duty means.