"Distinguishing the Complaint From Models Based on Either Stakeholder or Enterprise Value
It is important to note two things that the complaint does not claim. First, it does not claim that stakeholders (e.g., users of its platforms or citizens of destabilized countries) are owed fiduciary duties, or that harm to these stakeholders in and of itself constitutes a fiduciary breach.
Secondly, the complaint does not allege that this conduct was bad for Meta’s own finances.
Instead, the complaint alleges that the conduct revealed by Haugen threatens the global economy, and consequently the portfolios of the Company’s diversified shareholders. The complaint explains:
Meta is the largest social media network company in the world, with 3.5 billion users—43% of humanity. Its business decisions inevitably create financial impact well beyond its own cash flows and enterprise value and have significant impacts on the global economy. While defendants have a duty to operate the Company as a business for the financial benefit of its stockholders, those stockholders are often diversified investors with portfolio interests beyond Meta’s own financial success.
If the decisions that maximize the Company’s long-term cash flows also imperil the rule of law or public health, the portfolios of its diversified stockholders are likely to be financially harmed by those decisions.""
It was one of the books I picked up after seeing San Francisco for the first time and feeling incredibly inspired. I stopped in a bookstore on the way home and spent about $300 on kind of a home-cooked urban planning self-study course.
I had traditional urban planning type stuff but also more sociopolitical type stuff.
I also bought a book about The Clemente Course.
Seeing like a state is probably the book that made the biggest impression on me.
"The picture coming into focus is that of a two-tier university, which educates, side by side in the same classrooms, two large and quite distinct groups of undergraduates: non-transfer students and transfer students.
The former students lead privileged lives: they are very selectively chosen, boast top-notch test scores, tend to hail from the wealthier ranks of society, receive ample financial aid, and turn out very successfully as measured by graduation rates.
The latter students are significantly worse off: they are less selectively chosen, typically have lower test scores (one surmises, although acceptance rates and average test scores for the Combined Plan and General Studies are well-kept secrets),43 tend to come from less prosperous backgrounds (as their higher rate of Pell grants shows), receive much stingier financial aid, and have considerably more difficulty graduating.
No one would design a university this way, but it has been the status quo at Columbia for years. The situation is tolerated only because it is not widely understood. "
"For customers in the United States, in the Binding Arbitration and Class Action Waiver section, we’ve added procedures if 25 or more customers file coordinated arbitrations.
These arbitrations would be resolved in batches of up to 50 individual arbitrations. After each batch of up to 50 is resolved, the next batch of up to 50 individual arbitrations could be filed.
We’ve clarified that arbitrators may award injunctions that would affect you and us only.
We’ve also clarified that if a court finds part of this section unenforceable, an arbitrator would resolve all arbitrable claims and remedies before any court proceeding begins on remaining ones.
"
Blowing up right to collective defense is an amazing way to make consumers powerless. The cost of small groups having to fend for themselves is absurd. This is remarkably bold.
" After receiving fetal diagnoses of spina bifida and trisomy 18, a 39-year-old woman was shocked that her physician would not even inform her about termination options.
Patients with pregnancy complications or preexisting medical conditions that may be exacerbated by pregnancy are being forced to delay an abortion until their conditions become life-threatening and qualify as medical emergencies, or until fetal cardiac activity is no longer detectable.
An MFM specialist reported that their hospital no longer offers treatment for ectopic pregnancies implanted in cesarean scars, despite strong recommendations from the Society for Maternal–Fetal Medicine that these life-threatening pregnancies be definitively managed with surgical or medical treatment
Some clinicians believe that patients with rupture of membranes before fetal viability are eligible for a medical exemption under SB8, while others believe these patients cannot receive an abortion so long as there is fetal cardiac activity.
In multiple cases, the treating clinicians — believing, on the basis of their own or their hospital’s interpretation of the law, that they could not provide early intervention — sent patients home, only to see them return with signs of sepsis.
An obstetrician–gynecologist recalled only one patient who was able to obtain an abortion at their hospital under SB8’s maternal health exemption, because her severe cardiac condition had progressed to the point that she was admitted to the intensive care unit. As an MFM specialist summarized, “People have to be on death’s door to qualify for maternal exemptions to SB8.
Some physicians with training in dilation and evacuation (D&E), the standard procedure for abortion after 15 weeks of gestation, have been unable to offer this method even for abortions allowed by SB8 because nurses and anesthesiologists, concerned about being seen as “aiding and abetting,” have declined to participate. ”
"
Níngdé Shídài (aka CATL ) is a credible, multibillion dollar company.