Inspired by Skinner - If you had to grade the trustworthiness of those in charge of Fortune 500 companies in America which letter would you give them.
C. A low C.
Trust to keep my stock prices from tanking, we'll go with B
I know your political opinion but an F. That's like saying they are bankrupt. Do you really think they are that bad on average.
No - I think they are that untrustworthy. My question was about whether they can be trusted - just like the question about the government. These companies are untrustworthy by law. They must do what is best for their stockholders not the people
That's sad. I'm sorry for you.
Thom you do understand that a company with stockholders has a fiduciary responsibility to make decisions that will benefit their stockholders. Meaning that they are not allowed to consider whether something is better for society only whether it
Make money. That is my main concern with the ideas of those on this app who want less government. They seem to think that "the market" will take care of everything, but it is not equipped to be humane
I understand and agree that companies are there to make money. But please don't think they always will make the decision to make money in the short run. Their duty to the shareholders is to make money in the long run.
I work for DuPont, we have 4 core values that beats any other decision. If you violate or even suggest that, there are serious consequences: Safety and Health, Environmental Stewardship, Highest Ethical Behavior and Respect for People
If you should be interested you can read about them here
Agreed - they can consider short or long run, but they will never choose to do for society over making money - correct
And like you said companies have to make the best decision for the shareholders. Sometimes that is not to make a profit.
I don't agree they will not do something for the society. My company gives a lot of money to education, local community projects etc. Of course it is to get a better standing with the community, no secret there, but we all benefit.
I am familiar with values statement - and DuPont seems like a good place to work. It sounds like they treat their employees well and are good corporate citizens - but would they choose to do for the community OVER making profit
I like working here and I appreciate what they do. Will they always do the right thing seen from a society point of view, maybe not, but generally I think we do good. But who will always do the right thing. Nobody in my opinion.
A solid C
A+ for most of them