"values-driven" is the TedTalk-ified equivalent of MBA-speak like "synergy". Meaningless and unmeasurable, but sounds good in a pitch deck.
replyThis is really not true. It’s important that when people say this, we hold them to it and reward them when they see it through.
replyThe internet has a tendency to penalize people who try to do bold things. As a result, it’s too often strategic to stay quiet and boring and focus on the bottom line.
We shouldn’t be cynical. We should be excited when people say bold things and reward them when they live up to it.
Values aren't the only motivator, unless you take an extremely broad definition of values.
replyYeah, the value of money is ironically usually not what we mean with ”values”.
replyThe only value driving most things you see online is the value of money. Which is not the kind of values they are referring to.
replyI suppose in the same way that all eating is health and nutrition driven. Good or bad.
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replySeriously? If a company is publicly traded, they're legally required to prioritize shareholder value, unless they're a benefit corp or something with multiple bottom lines. I suppose you could call it values-driven to drive up the bottom line, but that's not normally what people mean.
replyIANAL but no, executives are not actually legally required to increase shareholder value.
replyThey generally are aiui. Bluesky was formed as a PBC, which is basically a corporation where investors cannot sue for deralict of fiduciary duty.
replyhttps://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.#Judgme...
replyAllow me introduce you to the inception of enshittification
The section you linked to says the decision was non-binding, and the next section includes multiple quotes disputing the idea that such a legal requirement exists.
replyYou know how there are two sexual orientations: straight, and Political?
replyIt’s sort of like that.