Are you serious? Where on earth have people's moral compasses gone?! You realise you are equating people's lives with shareholder interests as equal in importance right? And a business leader does not only have a responsibility to shareholders. It also has a responsibility to society and wider stakeholders including, not least, its employees.It's nothing new:
Tesla warning as Musk calls for end to lockdown
He does however have a responsibility to the shareholders to promote policies that he believes are in its interest. Clearly he believes that a long lock-down will hurt the business. As a clever person he has offset the effect of deaths from Covid-19 and the damage to the business and believes the lock-down to be worse to the business. In the long term we'll see whether he's right.
He was actually commenting on how a number of his suppliers are probably going to go bust. His view is that Tesla have enough cash to weather the current situation.Clearly he believes that a long lockdown will hurt the business.
Or, of course, if a close relative loses his business and home. Sinking into financial ruin he sees no alternative but to end his own life. See how that argument works? By the way, that is a current strong fear by practising psychologists.Let's see you lose a loved one to Covid-19 and see if you still have the same view...
So using your view tobacco companies should cease trading immediately? I believe that, but it's not the way that the law sees it. The law requires the Directors to act in the shareholders interests, and unless they can create an argument that the current situation is in the shareholders interests then they have to argue against it. Responsibilities to society and employees are only so far as they don't impact shareholders.Are you serious? Where on earth have people's moral compasses gone?! You realise you are equating people's lives with shareholder interests as equal in importance right? And a business leader does not only have a responsibility to shareholders. It also has a responsibility to society and wider stakeholders including, not least, its employees.
Let's see you lose a loved one to Covid-19 and see if you still have the same view...
Would it not also be in Tesla’s interests to ‘pre-buy’ those parts and keep their suppliers afloat and able to supply them going forward?He was actually commenting on how a number of his suppliers are probably going to go bust. His view is that Tesla have enough cash to weather the current situation.
There will still have to be a reduction in the amount purchased.Would it not also be in Tesla’s interests to ‘pre-buy’ those parts and keep their suppliers afloat and able to supply them going forward?
After his outbursts over the last day I've added Tesla to the list of companies to avoid post pandemic... of course it makes no difference to him but you have to draw a moral line somewhere.Musk is like Wagner or Frank Lloyd Wright: creative geniuses who also happened to be tossers... Hate the man, love the products.
This was what tipped you over the edge?After his outbursts over the last day I've added Tesla to the list of companies to avoid post pandemic... of course it makes no difference to him but you have to draw a moral line somewhere.
I'm very sorry for your loss and for the cheap shot. I would be lying if I said it wasn't deliberate though as was trying to make the point strongly - apologies though.So using your view tobacco companies should cease trading immediately? I believe that, but it's not the way that the law sees it. The law requires the Directors to act in the shareholders interests, and unless they can create an argument that the current situation is in the shareholders interests then they have to argue against it. Responsibilities to society and employees are only so far as they don't impact shareholders.
If you read my other comments today on the forum you'll see I've argued against lifting lock-down immediately. The cheap shot about losing a relative is poignant, I lost a close friend yesterday to something else that would have been treatable in normal circumstances but their operation was delayed.
This shouldn't be happening either - but that is why in progressive European societies we have massive bailout packages, furlough schemes etc to avoid this happening. Sending someone back to work so they can spread a disease (or even contract it themselves and potentially die) is not the way to respond to the potential of a redundancy in the future that may or may not lead to a suicide.Or, of course, if a close relative loses his business and home. Sinking into financial ruin he sees no alternative but to end his own life. See how that argument works? By the way, that is a current strong fear by practising psychologists.
Your comment is predicated on 'lock-down' actually saving lives, but there is zero evidence that it does. Guesswork and feel-good factors there.Are you serious? Where on earth have people's moral compasses gone?! You realise you are equating people's lives with shareholder interests as equal in importance right? And a business leader does not only have a responsibility to shareholders. It also has a responsibility to society and wider stakeholders including, not least, its employees.
Let's see you lose a loved one to Covid-19 and see if you still have the same view...
Give it a rest. It’s quite embarrassing how you persist in being contrary to quite basic evidence of the impact of COVID-19.Your comment is predicated on 'lock-down' actually saving lives, but there is zero evidence that it does. Guesswork and feel-good factors there.
You mean, the evidence you have not found and cannot exhibit?Give it a rest. It’s quite embarrassing how you persist in being contrary to quite basic evidence of the impact of COVID-19.
Zero evidence!Your comment is predicated on 'lock-down' actually saving lives, but there is zero evidence that it does. Guesswork and feel-good factors there.
Norway, Denmark and Finland are but three examples... and when compared against Sweden who should really be doing just as well as them but didn’t go into lock down, makes the evidence even stronger.You mean, the evidence you have not found and cannot exhibit?
"M'lord, I have evidence but I am not going to show you. It's embarrassing you'd ask for evidence of my client's innocence."