Hacker News Reader

Comment by Avenger42 | Hacker News Reader

> I won't even get into the impact on stockholders who buy the stock to, in general, make money with their investments not for social issues.

Several years ago, in response to a request that Apple commit to only agree to measures that wouldn't impact the bottom line, Tim Cook told an activist investor "If you want me to do things only for ROI reasons, you should get out of this stock." (It was in response to a question about Apple's environmental stance, but Tim likened it to a request to ignore accessibility issues.)

If I disagree with Paypal's disagreement, I'm free to withdraw my investment and go to a company that will ignore social issues.

View on HN

Apple is in a unique position to do that because of the cash that they are throwing off now and their popularity. That was not always the case with Apple (as you are aware) and also is not typically the case with your average corporation. When you are riding high there are many things you can get away with.

> If I disagree with Paypal's disagreement, I'm free to withdraw my investment and go to a company that will ignore social issues.

If you are a long term investor and if the stock is not trading at a good point for you that may not be possible. Let's assume you have a large position in the stock and it has lost money since you bought it as only one example.

So "long term investor" is a code phrase for "corporate profit shill"? If PP is doing something bad then get out, and take the loss. To claim that the loss prevents one from getting out is to proclaim that one values money over e.g. people.

(Sure, if that's like your only money, than that's not so easy a decision.)

You are confusing impossible with undesirable. You care about the money more than you care about the social values espoused by the company. I'm not saying that that is wrong, but if you feel incredibly strongly about something then taking the loss may be preferable to violating your core beliefs.

Reply on news.ycombinator.com