By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 13/06/2026At work, managers must harden their bleeding hearts and do nothing *except* increase the returns to their shareholders. 4/ 1301
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 13/06/2026Friedman wasn't merely arguing that this would give rise to better companies - the crux of his argument was that by adopting this "fiduciary duty" standard, it would be easy to determine whether a company was being well-managed or run into the ground: pluralistic.net/2024/09/18/f... 5/pluralistic.netPluralistic: There’s no such thing as “shareholder supremacy” (18 Sep 2024) – Pluralistic: Daily links from Cory Doctorow 1291
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 13/06/2026Friedman argued that "being a good person" was a squishy, undefinable standard that could never be objectively measured. But "maximizing shareholder value" was a crisp, bright-line test that could be readily evaluated by any reasonable person. 6/ 1391
