by Chris Black
…but they’re going to keep doing it anyway.
I would like to hear an explanation on the mechanics of how a public company can pursue a policy of purposefully losing money and not violate fiduciary duties to shareholders.
Further, consumers’ perceptions of our position on matters of public interest, including our efforts to achieve certain of our environmental and social goals, often differ widely and present risks to our reputation and brands.
Activists are at the wheel of Disney and they’re not even shy about how bad their sh*t is for the company when talking straight to the people choosing whether or not to invest or pull their money out of them.
Absolute clown-world insanity.
The fact that Disney is now admitting that they are making decisions that they know are going to cost the company money seems to imply, to my non-expert brain, that they are breaking the law.
Obviously, companies can make mistakes and lose money, but if you are a publicly traded company and you are admitting that you are losing money on purpose in order to push an agenda on your customers, I think this is definitely illegal.