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    iced depresso (icedquinn@blob.cat)'s status on Sunday, 08-Sep-2024 05:28:48 JSTiced depressoiced depresso
    in reply to
    • 🌲-alist
    • Ludovic Archivist Lagouardette
    • Blurry Moon
    @sun @threalist @Archivist
    > line go up
    it didn't used to be like this. the courts forced it with dodge v. ford IIRC.

    Ford had a neuron activation and decided to spend his income on his men, Dodge brothers threw a fit because as shareholders they weren't going to benefit from this. thus one of the landmark cases that the Line Must Go Up.

    in recent years people have protested Line Go Up by creating the concept of a public benefit corporation, which is basically a regular C-corp with the explicit provision that shareholders are not entitled to line going up.
    In conversationSunday, 08-Sep-2024 05:28:48 JST from blob.catpermalink
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