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568 points rntn | 1 comments | | HN request time: 0s | source
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chasil ◴[] No.41881693[source]
There was also a fatality in the last workplace strike.

Deere seems to have bad relations with their employees, customers, and regulatory bodies.

The shareholders should remove the board of directors.

https://www.desmoinesregister.com/story/money/business/2021/...

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onlyrealcuzzo ◴[] No.41882429[source]
The shareholders don't care about any of that if they think the board did a decent job of propping up the stock price.

Firing a board is generally risky, and the shareholders probably haven't fired them because even though the board has, almost objectively, not been good - firing them is likely even worse for the stock short term, and there aren't a lot of long-term, active investors left in the world.

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chasil ◴[] No.41882589[source]
The board's goal was to lock-in maintenance with computer security, which failed catastrophically. All previous generations of Deere tractors have on-board electronics that can be jailbroken.

https://www.theregister.com/2022/08/16/john_deere_doom/

Just for that failure, they should all likely be gone.

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adventured ◴[] No.41882697[source]
Their business is booming. That significantly overwhelms the concern you're raising.

They have gone from $4.3b in operating income to $14.5b in three years, while their sales nearly doubled. That's an old industrial company boom the likes of which is almost never seen by those types of companies.

By comparison what you're calling catastrophic is entirely trivial. It's not even in the room as a consideration compared to the soaring profits. Nobody is removing a whole board with that kind of profit growth.

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worik ◴[] No.41884088{3}[source]
> Their business is booming. That significantly overwhelms the concern you're raising.

Yes their profit is up, no it is unrelated to the concerns

The company is acting in a way that luts the whole food system at risk

They should be disbanded, by force. I recommend replacement with a farmer cooperative

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SideQuark ◴[] No.41884252{4}[source]
Countries that act so ignorantly of consequences or little regard for private property never end well.

If Deere is so bad buy from competitors, of which there are many.

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1. Teever ◴[] No.41885784{5}[source]
Why do you seem so opposed to regulating away this kind of behaviour?

Like what's bad about fixing this growing issue with regulation?

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