so what's the ETA on publicly traded cos noticing that corporate virtue signaling, kissing the rings of the Professionally Outraged, and/or kowtowing to cardboard-cutout mobs has neutral stock impact at best—but usually fairly meaningful near to midterm *negative* value?
(what's the ETA on shareholders / boards noticing and starting to take execs to task for it? what's the ETA on somebody actually getting sent packing for violating their fiduciary obligations—you know, instead of, say, using "the N word" **in a quote about not using that word**)
and it's not even like this is a failure of the stock market; these things literally do have neutral-at-best-but-usually-net-negative actual value
is this late-stage capitalism?
obviously this is one giant perplexed subtweet at, to name just things in quite recent memory, $DIS, $PAPA, $NFLX, $SBUX...
even stranger, when a company really does step in shit, often as not they fuck THAT up too, not apologizing or taking responsibility or meaningful action, not penalizing anyone... $UAL is the clear schelling point to mention better but there are plenty more
