

6·
1 month agoPeople overestimate the fiduciary responsibility of public companies. It’s true they will often pursue aggressive short term gains to attract more investment in several forms, including higher stock prices. But as long as they are arguably trying to help the company they are considered to have fulfilled their obligation. You have to be able to prove in court they are trying to harm the shareholders to run afoul of that responsibility, which is a fair hurdle. And it isn’t really that difficult to avoid a forced IPO by keeping under the 500 shareholder threshold if one really wants to avoid it.
Yeah, I have rejected increased cost games for this very reason. But Nintendo is one of the few companies I believe would do it to cover their costs instead of just preying upon general apathy towards inflation since covid to jack up profit. They are too rich for my blood at the time, but if I had the income to splurge this would be one of a vanishingly small number of places I would be willing to put up with it.