minus-squareofcourse@lemmy.mltoWork Reform@lemmy.world•Meta approves plan for bigger executives bonuses following 5% layoffslinkfedilinkarrow-up8·2 days agoNot only is it perfectly legal but the executives would argue that they are bound by their fiduciary duty to their shareholders. Layoffs increase stock price => shareholders make money => shareholders approve bonus for executives. linkfedilink
Not only is it perfectly legal but the executives would argue that they are bound by their fiduciary duty to their shareholders. Layoffs increase stock price => shareholders make money => shareholders approve bonus for executives.