Post Am8Fo7TOdhH0aLiFii by feld@friedcheese.us
 (DIR) More posts by feld@friedcheese.us
 (DIR) Post #Am8Fo5gRIEWB2Dndlw by sdw@mastodon.social
       2024-09-17T15:57:14Z
       
       1 likes, 0 repeats
       
       This is just an incredible bit about the one time Tim Cook lost his cool. What a guy. (on @daringfireball — https://daringfireball.net/2024/09/the_things_they_carried)
       
 (DIR) Post #Am8Fo6RwRcW1PY1ZoW by feld@friedcheese.us
       2024-09-17T16:07:56.717921Z
       
       0 likes, 0 repeats
       
       @sdw @daringfireball > "If you want me to do things only for ROI reasons, you should get out of this stock."Well, a little surprised that didn't lead to a massive shareholder lawsuit considering that what he's saying is borderline illegal."Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc." kinda cemented into case law that the court can determine you have to pick the option that maximizes shareholder value. This was related to a merger, but I could see its interpretation being further expanded.
       
 (DIR) Post #Am8Fo6x8ZdT8yIcURF by reiterator@mas.to
       2024-09-18T15:18:55Z
       
       0 likes, 0 repeats
       
       @feld @daringfireball @sdw It’s not illegal because some things like accessibility, Apple does for legal reasons. They will get sued if they don’t do them. Whether that is the only reason, or is Tim playing a good game of cards, is debatable perhaps, but it’s a solid defense against shareholder lawsuits.
       
 (DIR) Post #Am8Fo7TOdhH0aLiFii by feld@friedcheese.us
       2024-09-18T15:21:36.149611Z
       
       0 likes, 0 repeats
       
       @reiterator @daringfireball @sdw there is literally no law (USA) that says you need to sell your smartphone with accessibility featuresApple's accessibility is *amazing* and Google/Android has nothing close. Where's the lawsuit against Google/Android? *crickets*
       
 (DIR) Post #Am8Fo83uRwTqPanPdI by sun@shitposter.world
       2024-09-18T15:38:25.764358Z
       
       0 likes, 1 repeats
       
       @feld @reiterator @daringfireball @sdw there's upward of 4000 ADA lawsuits against software every year because years ago the courts applied a novel theory to argue that some phone apps are a public accommodation. This goes all the way back to the Obama DOJ. A lot of them are dismissed but a lot of them are settled.
       
 (DIR) Post #Am8H2perG2NDd9eYsq by reiterator@mas.to
       2024-09-18T15:50:39Z
       
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       @sun @feld @daringfireball @sdw It’s possible there is a better justification now? (though recent scotus rulings might put this in question? Idk) https://www.justice.gov/opa/pr/justice-department-publish-final-rule-strengthen-web-and-mobile-app-access-people
       
 (DIR) Post #Am8H2qBTImSfGIubia by sun@shitposter.world
       2024-09-18T15:52:18.431922Z
       
       0 likes, 1 repeats
       
       @reiterator @feld @daringfireball @sdw it appears this applies to state and local governments (it's been a rule for federal websites for a long time already but many federal sites are still not compliant)
       
 (DIR) Post #Am8IPkpXTOHvGw8vzs by reiterator@mas.to
       2024-09-18T15:58:15Z
       
       1 likes, 0 repeats
       
       @sun @feld @daringfireball @sdw Ok. I suspect Apple sells devices to those government agencies. The article also refers to title 2 of ADA that is above my pay grade to understand, but if I were a lawyer defending against a shareholder lawsuit, I would probably read carefully.
       
 (DIR) Post #Am8Mb7G6p9zppqFCsK by sdw@mastodon.social
       2024-09-17T16:18:19Z
       
       0 likes, 0 repeats
       
       @feld @daringfireball I'm guessing they'd be happy to take that one to court. Shareholder value should apply to values, not just money.
       
 (DIR) Post #Am8Mb8ATRb5CeecDjM by feld@friedcheese.us
       2024-09-17T16:25:48.281007Z
       
       0 likes, 0 repeats
       
       @sdw @daringfireball Investors don't invest their values, they invest their moneyPrivately held companies are available for investors to risk their money with someone who will be legally permitted to make bad decisions
       
 (DIR) Post #Am8Mb8uuewEIygLJ7A by SlicerDicer@bikeshed.party
       2024-09-17T16:27:46.644040Z
       
       0 likes, 0 repeats
       
       @feld @sdw @daringfireball Correct, they have a legal obligation to return maximum profits. Core values are not part of that law.
       
 (DIR) Post #Am8Mb9UMX8aOkcvcMy by feld@friedcheese.us
       2024-09-17T16:29:10.740019Z
       
       1 likes, 0 repeats
       
       @SlicerDicer @daringfireball @sdw the reality is that boardroom chaos at Apple would probably have tanked the stock enough in the short term that it wouldn't be worth the courtroom dramabut some day that calculation will change and they'll come for the throat of the CEO who pulls this