Lussy [any, hy/hym]@hexbear.net to chapotraphouse@hexbear.netEnglish · edit-22 days agoThis month in capitalism: UnitedHealthCare sued by shareholders because backlash prevented the company from pursuing “aggressive, anti-consumer tactics it would need to achieve” earnings goalswww.cnbc.comexternal-linkmessage-square22linkfedilinkarrow-up1191arrow-down10file-textcross-posted to: [email protected]
arrow-up1191arrow-down1external-linkThis month in capitalism: UnitedHealthCare sued by shareholders because backlash prevented the company from pursuing “aggressive, anti-consumer tactics it would need to achieve” earnings goalswww.cnbc.comLussy [any, hy/hym]@hexbear.net to chapotraphouse@hexbear.netEnglish · edit-22 days agomessage-square22linkfedilinkfile-textcross-posted to: [email protected]
minus-squareDirt_Owl [comrade/them, they/them]@hexbear.netlinkfedilinkEnglisharrow-up50·2 days agoMy brother in Christ the aggressive anti-consumer tactics is why there is backlash. Also holy shit can we just stop and think about how fucked up you’d have to be to be one of these shareholders?
minus-squarecasskaydee [she/her]@hexbear.netlinkfedilinkEnglisharrow-up3·23 hours agoBasically everyone who has retirement savings is a shareholder
minus-squareDirt_Owl [comrade/them, they/them]@hexbear.netlinkfedilinkEnglisharrow-up3·edit-216 hours agoWho’s sueing them though, the companies that manage people’s 401ks?
minus-squarecasskaydee [she/her]@hexbear.netlinkfedilinkEnglisharrow-up4·edit-215 hours agoI’m pretty sure, yeah. Not just 401k plans, hedge funds and stuff too. But it’s those companies. Vanguard, BlackRock, etc
My brother in Christ the aggressive anti-consumer tactics is why there is backlash.
Also holy shit can we just stop and think about how fucked up you’d have to be to be one of these shareholders?
Basically everyone who has retirement savings is a shareholder
Who’s sueing them though, the companies that manage people’s 401ks?
I’m pretty sure, yeah. Not just 401k plans, hedge funds and stuff too. But it’s those companies. Vanguard, BlackRock, etc