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/...
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/...
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.
If an action that hurts the stock short-term but will help int he long-term needs to be performed why would you as an investor enact it or even stay for the ride?
You are better off either opposing it or selling your stock and then waiting to see if someone will enact the changes, then you have the "insider" information to know that the short-term stock drop was a good thing for the long-term and rebuy the shares cheaper.
Tragedy of the commons was an ideological essay designed to justify privatization of public goods. It was disproven by data before it was published. I am sure there are some hyper specific examples where it has happened as described, but as a “fact” about the world and as a justification for any course of action, it’s highly suspect.
https://aeon.co/essays/the-tragedy-of-the-commons-is-a-false...
What do you call that if you can't call it a tragedy of the commons?
People cite the tragedy of the commons to discourage sharing of resources. The idea that common land should be divvied up into private ownership to prevent them falling into ruin. When really shared resources just need accountability between the people who make use of them. It’s just basic game theory: If there is no cost to abusing your opponent, that strategy will get used. But if you’re going to be playing long term with the same people, systems will form to deter abuse.