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Comment Re:what do people expect? (Score 2) 321

Citation needed for "all" these "wins" for not maximizing profits to the exclusion of everything else. I do this for a living; you're absolutely full of shit. For one thing, the business judgment rule makes it very hard to do such a thing. Courts routinely defer to directors' and execs' individual decisions rather than let activist shareholders sue for something so insane as "earned a few pennies less than they could have if they'd done XYZ."

Here is a very liberal business law professor at one of the top schools for scholarship in the country explaining it for you:

corporate directors are protected from most interference when it comes to running their business by a doctrine known as the business judgment rule. It says, in brief, that so long as a board of directors is not tainted by personal conflicts of interest and makes a reasonable effort to stay informed, courts will not second-guess the board’s decisions about what is best for the company — even when those decisions predictably reduce profits or share price


the business judgment rule gives directors nearly absolute protection from judicial second-guessing about how to best serve the company and its shareholders


Delaware (like other states) applies the business judgement rule to protect directors of corporations that reduce profits and share price when directors claim this will ultimately help the corporation

It's actually the free market that is creating these perverse incentives, not government judicial interference:

it is . . . modern executive compensation practices — not corporate law — that drive so many of today’s public companies to myopically focus on short-term earnings

What she means by that is that execs get compensation based largely on stock performance, so they are incentivized by the free market, not be the law, to maximize stock value.

Comment Re:what do people expect? (Score 1) 321

it states clearly in company's articles of incorporation, on penalty of the directors being struck off and imprisoned and/or the shareholders suing them, that they MUST maximise profits

As a corporate lawyer who writes and interprets the stuff you're talking about, I've always been confused where this myth comes from, that corporate directors can GO TO JAIL for not maximizing profits above all else. It's certainly not true no matter how many dumbass grunt paranoia weirdos think it is.

From a very recent Supreme Court case: “Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.” (Hobby Lobby)

Comment Re:Worst mass shooting of _recent_ US history. (Score 1) 1718

Indians are a lower race for many white americans

LOL tell me about it. Remember that woman a couple years ago who was pretending to be black and the Internet went apeshit and got her fired? And what about the Harvard professor who was pretending to be Native American and the Internet went apeshit and got her—oh, wait, never mind. They demanded Hillary name her her Vice Presidential running mate.

Huh. Funny how that works.

Comment Good ol Tandy 1000 (Score 1) 515

Dad brought home a Tandy 1000 he bought at Radio Shack for who knows how much money. I started fiddling around. Back then it was impossible to accidentally break things on a computer because it was all CLI.

Somehow I found some BAS files on the system and a BASIC interpreter. Put two and two together and started reading and modifying. I was about 4yo or so I think (I was reading by 3).

A couple systems later, QBASIC, AOL, and I was downloading games like Killer Pong or something like that, reading the code and modifying those. Then my dad brought home Visual C++ and books on it that he took from work. So I did that. Then C++ classes at the local community college.

Then in college, PHP to make dynamic websites. Then SQL and Python. JavaScript was somewhere in there, too.

Now I'm the rare corporate lawyer who can code well.

Comment Re:Who the fuck would use something like that? (Score 1) 206

You also said it was a "small risk" when it's actually a massive risk. Get Gmail password, look for signups to other sites (invariably will contain username), notice Gmail password is XYZ123gmail, WOLOG say there was a Slashdot signup, go to and attempt login with username listed in Slashdot email + XYZ123slashdot, repeat for any other email with "registration" in the subject.

Comment Re:Reasons why I don't like Musk's hyper loop (Score 1) 124

I was puzzle by this (as I know that Musk is a smart guy), but just now Bruce Perens made a comment below [] that made my head spin bit. Basically his comment is that Musk is somehow conspiring to kill high speed rail, with the implication that the hyper loop is just a tool for this purpose.

It may come as a shock to you, but being an expert in one field doesn't make you an expert in every field. There is nothing that makes Bruce Perens's opinion on this conspiracy theory any more valuable than, say, mine.

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