Erlend on Nostr: By npub1hykuc…73p33 in https://pluralistic.net/2023/06/02/plunderers/#farbenizers ...
By npub1hykucplphuhelaxutcw4jw3vuu7gcg42czhqmk7jhchs8vdga4fsj73p33 (npub1hyk…3p33) in https://pluralistic.net/2023/06/02/plunderers/#farbenizers
“Meanwhile, in Nuremberg, 24 Farben [factory] executives were tried for their war crimes, and they cited their obligations to their shareholders in their defense. All but five were acquitted on this basis.
Seen in that light, the plunderers of today's PE firms are part of a long and dishonorable tradition, one that puts profit ahead of every other priority or consideration.”
Holy shit. The ‘Shareholder Defense’ can even get Nazis off the hook? Wild!
“Meanwhile, in Nuremberg, 24 Farben [factory] executives were tried for their war crimes, and they cited their obligations to their shareholders in their defense. All but five were acquitted on this basis.
Seen in that light, the plunderers of today's PE firms are part of a long and dishonorable tradition, one that puts profit ahead of every other priority or consideration.”
Holy shit. The ‘Shareholder Defense’ can even get Nazis off the hook? Wild!