It’s never just about “more money”. It’s about time-discounted, risk-adjusted “more money”. Doing morally repugnant things increases risk substantially. This is not the risk profile the owners signed up for.
This change may even depress the stock price directly as disgusted owners sell (this harms the ability of current shareholders to earn a return, as the loss is now but the future revenues are discounted).
The market is as moral as its shareholders, which is far less than perfection but a lot better than zero.
This change may even depress the stock price directly as disgusted owners sell (this harms the ability of current shareholders to earn a return, as the loss is now but the future revenues are discounted).
The market is as moral as its shareholders, which is far less than perfection but a lot better than zero.