alt Hacker NewsABC's shareholders are Disney. Whatever Nate offered them isn't even a rounding error in Disney's $36 billion dollars in profits last year. The shareholders aren't going to care.
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brookst • today at 12:54 AM
Hence my point of “if they’re doing this, they are likely making other emotional, anti-shareholder decisions”
lotsofpulp • yesterday at 8:59 PM
Disney's 2025 profit was $12B:
https://www.macrotrends.net/stocks/charts/DIS/disney/net-inc...
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themafia • yesterday at 9:11 PM
> shareholders are Disney
Who's shareholders are the public.
> The shareholders aren't going to care
This is not a valid defense in court. You can't let "attitude of investors" override "sound financial decisionmaking."
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It's not that a shareholder won't care, but that the modern US company is such a large basket of businesses, it's impossible to put any pressure on a random business unit throwing money away. So, in practice, there's very little pressure to do things right, and a lot of pressure to do what your boss prefers, whether it actually helps the company's profitability or not. There can be negatives if you are doing massive damage to the company's image, but even then, ABC has done more than a little bit of that over the last couple of years to no ill effects. Just ask Kimmel.