General Motors Quits Sharing Driving Behavior With Data Brokers
www.nytimes.com
G.M. had provided information about braking, acceleration and speed to LexisNexis Risk Solution and Verisk, firms that generated driver risk profiles for insurers.

The decision followed a New York Times report this month that G.M. had, for years, been sharing data about drivers’ mileage, braking, acceleration and speed with the insurance industry. The drivers were enrolled — some unknowingly, they said — in OnStar Smart Driver, a feature in G.M.’s internet-connected cars that collected data about how the car had been driven and promised feedback and digital badges for good driving.

If the article link contains a paywall, you can consider reading this alternative article instead: ‘GM Stops Sharing Driver Data With Brokers Amid Backlash’ on Ars Technica.

      • conciselyverbose@sh.itjust.worksEnglish
        0·
        8 months ago

        There’s a fiduciary duty to the shareholders, but a fiduciary duty doesn’t mean that you’re obligated to maximize profit at all costs. It just means that you’re obligated to act in the interest of your shareholders.

        If the board or officers use their position to push for a contract that benefits some other interest they hold at the expense of the company, that’s a breach of fiduciary duty. Simply preserving the value of the company over short term gains, having a different approach to risk, or other good faith behavior don’t violate fiduciary duty.

        • henfredemars@infosec.pubEnglish
          1·
          8 months ago

          Thank you! I didn’t realize it was more nuanced than that. I thought simply they were charged with maximizing profit. It doesn’t seem to be an actual requirement to do so.