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Cake day: June 7th, 2023

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  • Specifically, the Board and thus the CEO must maximize company VALUE not profit.

    There are other ways to increase company value that do not necessarily result in Q/Q / Y/Y profit increases.

    But in the 1970s you get a guy named Milton Friedman who comes along with the concept of shareholder value in a 1970 essay for The New York Times, entitled “A Friedman Doctrine: The Social Responsibility of Business Is to Increase Its Profits”.[5] In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders.

    So there’s been a lot of argument against it since esp as of late, but the economic hegemony still adheres to Friedman’s economic principles.
















  • Freight is definitely tracked but not necessarily scheduled in regular intervals. This is true for both trains and ships. Like it costs so much and the world isn’t always that consistent.

    But yeah like cp/cn/CSX/ns/BNSF etc all know what’s on their lines and where.

    However these lines are fully private unlike aviation so there is no requirement to publically provide any data.

    For planes position data doesn’t even come from the airline but a govt mandated transponder that communicates on public frequency on the aircraft and private websites use a network of recieving radios donated or not spread across the world to provide the public with a service they also try to profit off of. This doesn’t exist for trains as far as I know. And I don’t think for ships either.