The law firms that caved to President Donald Trump's demands are losing major clients as a direct result of their appeasement, according to a report by The Wall Street Journal.
But these are corporate actions meant to preserve the company and it’s legal defenses, they’re not doing it to preserve some individual suit’s moral principles or their love of democracy. Even if the companies themselves are Trump simps, they obviously don’t want their law firms to be as well.
If its is a publicly trading corporation then it doesn’t matter how principled the or nice the people who work in it are. Share price is the only thing that matters. That’s by design. Even someone as powerful as the CEO can’t challenge that. Any CEO who says “it will cost us money but we should this because it’s the right thing to do” is going to be kicked to the curb faster than a union organizer. Private companies can still have a conscious to some degree as long as it’s the owner’s conscious.
But these are corporate actions meant to preserve the company and it’s legal defenses, they’re not doing it to preserve some individual suit’s moral principles or their love of democracy. Even if the companies themselves are Trump simps, they obviously don’t want their law firms to be as well.
If its is a publicly trading corporation then it doesn’t matter how principled the or nice the people who work in it are. Share price is the only thing that matters. That’s by design. Even someone as powerful as the CEO can’t challenge that. Any CEO who says “it will cost us money but we should this because it’s the right thing to do” is going to be kicked to the curb faster than a union organizer. Private companies can still have a conscious to some degree as long as it’s the owner’s conscious.