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#shareholders

2 posts2 participants0 posts today

Dropped Call With #CustomerService? It Was on Purpose.
Endless wait and excessive procedural fuss—it’s part of a tactic called “sludge.”
There was a time when happiness of customers was sacred metric. CEOs saw long arc of loyalty as essential to company’s success. That arc has snapped. Everyone still claims to value customer service, but as CEO tenure has shortened, executives have become more focused on delivering quick returns to #shareholders.
theatlantic.com/ideas/archive/
archive.ph/pjFam

The Atlantic · That Dropped Call With Customer Service? It Was on Purpose.By Chris Colin
Replied in thread

Chief #JonathanShetush: “It’s a private field of New York City #billionaires, #shareholders, and lawyers, NHL hockey team owners,” said the sworn chef for the first time last week. “It is not normal for Americans to still own the Mishta-Shipu River by 2025. I want Quebec to buy back the club and give it back to the Innu so that it is managed by Innus, with our own fishing codes, our own values, respect for salmon, all that. ”

@PariaSansPortefeuille @MusiqueNow

#LandBack #FirstNations
#IndigenousNews #CorporateColonialism
#Innu #Quebec #CanadaPol #USPol

Continued thread

Then there’s this:

#Tesla blocked #shareholders who own less than 3% of its shares from suing its directors or officers on behalf of the electric vehicle maker for #breach of duties, acc/to a filing with the U.S. #Securities & Exchange Commission on Friday.

3% of Tesla's shares amounts to about 97 million shares worth about $34 billion as of Friday's close.

#Musk #DumpsterFire #law #SEC
reuters.com/sustainability/sus

#PeterDrucker in 1954: "In reality the Board as conceived by the lawmaker is at best a tired fiction. It is perhaps not too much to say that it has become a shadow king. In most of the large companies, it has in effect been deposed and its place taken by executive management."

#BoardManagement #shareholders
kornferry.com/insights/briefin

www.kornferry.comBuffett's Beef with DirectorsThe Oracle of Omaha complains that firms aren’t bringing in enough “pit bull” directors. Is he right?
Continued thread

And round & round we go

#ElonMusk must face #Twitter #shareholders’ lawsuit over alleged #securities #fraud

A proposed class-action lawsuit against #Musk and his family office #Excession can proceed in federal court, a judge ruled Friday, after the #tech centi-billionaire sought to have the case dismissed.

The case is Rasella v. Musk (Case No. 1:22-cv-03026-ALC-GWG) in the SDNY.

courtlistener.com/docket/63230

#law #SEC
cnbc.com/2025/03/28/elon-musk-