Rubio introduces bill that would let shareholders to sue corps if they put wokeness over profits (user search)
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  Rubio introduces bill that would let shareholders to sue corps if they put wokeness over profits (search mode)
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Author Topic: Rubio introduces bill that would let shareholders to sue corps if they put wokeness over profits  (Read 855 times)
Person Man
Angry_Weasel
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« on: September 25, 2021, 12:23:24 PM »
« edited: September 25, 2021, 12:28:58 PM by Universe Man »

If what Democrats is pushing through is Socialism then this is literally Fascism. I mean, it’s not not Fascism and I am not be judgmental. Forcing corporations to implement state policies meant to protect “the natural order” (here against “wokeness”) from the top bottom is fascism. Again, this is not a Godwin thing but an objective observation. Maybe if people work hard, they can sell “a little fascism is needed for a healthy society” the way they do with “socialism” and not needing to do a credit check when you call 911.
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Person Man
Angry_Weasel
Atlas Superstar
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Posts: 36,667
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« Reply #1 on: September 25, 2021, 02:42:33 PM »

If what Democrats is pushing through is Socialism then this is literally Fascism. I mean, it’s not not Fascism and I am not be judgmental. Forcing corporations to implement state policies meant to protect “the natural order” (here against “wokeness”) from the top bottom is fascism. Again, this is not a Godwin thing but an objective observation. Maybe if people work hard, they can sell “a little fascism is needed for a healthy society” the way they do with “socialism” and not needing to do a credit check when you call 911.


Well the argument he is making is that if companies are costing their shareholders money with these types of actions , then the shareholders should be able to sue for violation of fiduciary duty .


The question really comes down to what do you think the main purpose of a corporation is :

- Is it mainly to make their shareholders more money or not 


The original  point of being a business is to be a business.
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Person Man
Angry_Weasel
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Posts: 36,667
United States


« Reply #2 on: September 25, 2021, 03:05:27 PM »
« Edited: September 25, 2021, 03:10:35 PM by Universe Man »

If what Democrats is pushing through is Socialism then this is literally Fascism. I mean, it’s not not Fascism and I am not be judgmental. Forcing corporations to implement state policies meant to protect “the natural order” (here against “wokeness”) from the top bottom is fascism. Again, this is not a Godwin thing but an objective observation. Maybe if people work hard, they can sell “a little fascism is needed for a healthy society” the way they do with “socialism” and not needing to do a credit check when you call 911.


Well the argument he is making is that if companies are costing their shareholders money with these types of actions , then the shareholders should be able to sue for violation of fiduciary duty .


The question really comes down to what do you think the main purpose of a corporation is :

- Is it mainly to make their shareholders more money or not  


The original  point of being a business is to be a business.


And who owns the business in this case

The shareholders who elected the directors. Some of them are part of the public, some of them not. None of them Marco Rubio. If share holders don’t like how a business is run, they can fire of the board or sell their stock. If market conditions have been made difficult, that’s the role of trust busting.
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Person Man
Angry_Weasel
Atlas Superstar
*****
Posts: 36,667
United States


« Reply #3 on: September 25, 2021, 03:13:45 PM »
« Edited: September 25, 2021, 03:17:14 PM by Universe Man »

Let me guess, this won't apply to companies that do the opposite, like Chick-Fil-A or Hobby Lobby.

Because those private organizations function as organs in furtherance  of the state’s duty to preserve the way God/Mother Nature through Evolution/Magic intended life by humans to be lived.
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Person Man
Angry_Weasel
Atlas Superstar
*****
Posts: 36,667
United States


« Reply #4 on: September 25, 2021, 05:09:58 PM »
« Edited: September 25, 2021, 05:15:24 PM by Universe Man »

If what Democrats is pushing through is Socialism then this is literally Fascism. I mean, it’s not not Fascism and I am not be judgmental. Forcing corporations to implement state policies meant to protect “the natural order” (here against “wokeness”) from the top bottom is fascism. Again, this is not a Godwin thing but an objective observation. Maybe if people work hard, they can sell “a little fascism is needed for a healthy society” the way they do with “socialism” and not needing to do a credit check when you call 911.


Well the argument he is making is that if companies are costing their shareholders money with these types of actions , then the shareholders should be able to sue for violation of fiduciary duty .


The question really comes down to what do you think the main purpose of a corporation is :

- Is it mainly to make their shareholders more money or not  


The original  point of being a business is to be a business.


And who owns the business in this case

The shareholders who elected the directors. Some of them are part of the public, some of them not. None of them Marco Rubio. If share holders don’t like how a business is run, they can fire of the board or sell their stock. If market conditions have been made difficult, that’s the role of trust busting.


He’s letting shareholders make the decision if they want to sue or not . It’s not Marco Rubio deciding who gets sued or not

Can you not be so literal?
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Person Man
Angry_Weasel
Atlas Superstar
*****
Posts: 36,667
United States


« Reply #5 on: September 26, 2021, 05:42:53 PM »

If what Democrats is pushing through is Socialism then this is literally Fascism. I mean, it’s not not Fascism and I am not be judgmental. Forcing corporations to implement state policies meant to protect “the natural order” (here against “wokeness”) from the top bottom is fascism. Again, this is not a Godwin thing but an objective observation. Maybe if people work hard, they can sell “a little fascism is needed for a healthy society” the way they do with “socialism” and not needing to do a credit check when you call 911.


Well the argument he is making is that if companies are costing their shareholders money with these types of actions , then the shareholders should be able to sue for violation of fiduciary duty .


The question really comes down to what do you think the main purpose of a corporation is :

- Is it mainly to make their shareholders more money or not  


The original  point of being a business is to be a business.


And who owns the business in this case

The shareholders who elected the directors. Some of them are part of the public, some of them not. None of them Marco Rubio. If share holders don’t like how a business is run, they can fire of the board or sell their stock. If market conditions have been made difficult, that’s the role of trust busting.


He’s letting shareholders make the decision if they want to sue or not . It’s not Marco Rubio deciding who gets sued or not

 As previously pointed out, repeatedly: Shareholders. Already. Can. Do. This.


Well then it’s not fascist  

Except if Rubio is concocting some half-assed legislation to make it harder for corporations to take socially progressive positions at their majority shareholders consent because they believe it's in their company's long term benefit,  then yes it sort of IS fascism for the State to be demanding businesses follow a very specific political ideology.

You're just okay with it because that brand of fascist belief mirrors your own corporatist views.

Wasn’t Corporatism another name Mussolini also considered for his ideology.
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