Activision prevails as court tosses 'frat house' culture lawsuit

A California judge has tossed out a lawsuit filed by Activision Blizzard shareholders against the company's leadership accusing them of breaching fiduciary duties by allowing a hostile environment to develop that top brass tried to hide from the public. Unfortunately for the shareholders, even in their third attempt at filing …

[Snake]

Remember kids...

"the free market will punish poor behaviours".

Yeah. That worked well, didn't it??

[FeepingCreature]

Re: Remember kids...

The free market punishes poor behavior to the degree that consumers care about it.

Seems to be working.

[Andy 73]

Re: Remember kids...

Actually, yes, on the whole it does - but if other people are more tolerant of poor behaviour (*cough* Elon Musk *cough*) that doesn't mean poor behaviour isn't punished, or that good behaviour is rewarded. In aggregate, publicly traded companies tend to follow public sentiment.

It's student-level politics to claim that individual examples of idiocy debunk an entire strategy. We could do the same when pointing to excesses within regulated industries, but that doesn't show that regulation is bad any more than the free market is bad.

[codejunky]

Re: Remember kids...

@Snake

"Yeah. That worked well, didn't it??"

The free market does punish poor behaviour. The workers will leave a place they cant tolerate for one they can. The pay must have been good to put up with such a 'bad' environment assuming its not exaggerated.