<story><title>Lawsuit against Meta invokes modern portfolio theory to protect shareholders</title><url>https://corpgov.law.harvard.edu/2022/11/04/lawsuit-against-meta-invokes-modern-portfolio-theory-to-protect-diversified-shareholders/</url></story><parent_chain><item><author>flanflan</author><text>I&amp;#x27;m just a two-bit software engineer and not a lawyer but I&amp;#x27;ll go against the general flow of the rest of the posts here and say &amp;quot;this is interesting.&amp;quot; Whether or not it will work is another question, but it seems like they are trying to establish some precedent that companies need to consider the downstream impacts of the things they do.&lt;p&gt;I see posters here brushing off talk about mental health and political impacts from decisions corporate directors make. Well if there is a measurable harm that can be traced back to a given company why shouldn&amp;#x27;t they be sued?&lt;p&gt;It&amp;#x27;s a meme, but we live in a society. Companies don&amp;#x27;t exist in isolation, neither do profits.</text></item></parent_chain><comment><author>threeseed</author><text>&amp;gt; Well if there is a measurable harm that can be traced back to a given company why shouldn&amp;#x27;t they be sued&lt;p&gt;They can be sued if there is a specific, measurable harm. And there are plenty of existing laws which facilitate this.&lt;p&gt;Not aware of any evidence this applies to Meta.</text></comment>
<story><title>Lawsuit against Meta invokes modern portfolio theory to protect shareholders</title><url>https://corpgov.law.harvard.edu/2022/11/04/lawsuit-against-meta-invokes-modern-portfolio-theory-to-protect-diversified-shareholders/</url></story><parent_chain><item><author>flanflan</author><text>I&amp;#x27;m just a two-bit software engineer and not a lawyer but I&amp;#x27;ll go against the general flow of the rest of the posts here and say &amp;quot;this is interesting.&amp;quot; Whether or not it will work is another question, but it seems like they are trying to establish some precedent that companies need to consider the downstream impacts of the things they do.&lt;p&gt;I see posters here brushing off talk about mental health and political impacts from decisions corporate directors make. Well if there is a measurable harm that can be traced back to a given company why shouldn&amp;#x27;t they be sued?&lt;p&gt;It&amp;#x27;s a meme, but we live in a society. Companies don&amp;#x27;t exist in isolation, neither do profits.</text></item></parent_chain><comment><author>IncRnd</author><text>&amp;gt; Well if there is a measurable harm that can be traced back to a given company why shouldn&amp;#x27;t they be sued?&lt;p&gt;Say I overhear my neighbors talking with each other. Despite my not knowing them, if based on listening to their conversation I decid to go kill some people at my place of employment - that is on me. My neighbors do not bear any responsibility. At some point there is the concept of personal responsibility. Honestly, this should be obvious.</text></comment>