Virginia mom who lost arm in shark attack learns insurance won't cover $73K prosthetic hand
nypost.com

Another person who has to turn to GoFundMe to get proper prosthetic care. Truly the sign of a functioning society when people have to resort to the generosity of others through a private for-profit crowdfunding platform to lead a normal life.

  • some_guy@lemmy.sdf.org
    8·
    12 days ago

    They are LEGALLY compelled to put the interests of their shareholders before everything else.

    This is not true and people need to stop perpetuating it. They have a fiduciary duty to the shareholders. If they don’t increase profits, the board of directors might replace the CEO. But there’s NO LAW forcing this. If there was, there wouldn’t be the popular (among Apple nerds) Tim Cook quote to “get out of the stock” over how environmentalism affects ROI.

    Cook, clearly trying to remain calm, shot back: “When we work on making our devices accessible by the blind, I don’t consider the bloody ROI [return on investment]. When I think about doing the right thing, I don’t think about an ROI.”

    Cook then offered his own bottom line to Danhof, or any other critic, one which perfectly sums up his belief that social and political and moral leadership are not antithetical to running a business. “If that’s a hard line for you,” Cook continued, “then you should get out of the stock.”

    https://alearningaday.blog/2016/03/12/tim-cook-on-roi

    Please stop mixing untruths with facts about the shittiness of our healthcare system.

    • ExtremeDullard@lemmy.sdf.orgOPM
      6·
      12 days ago

      This is not true and people need to stop perpetuating it

      I read up on this and you are correct. I thought shareholder primacy was enshrined in corporate law but it isn’t.

      I stand corrected. Thanks!

    • shalafi@lemmy.worldEnglish
      1·
      12 days ago

      CEO at my last company told the board he intended to go in the red in order to build up our staff and products. They applauded him.

      Why isn’t he in JAIL?!

      What was funny was that COVID boosted demand for our new remote product that customers weren’t signing up for. LOL, we made a profit trying to lose money.