Readers may be interested in knowing where the legal requirement to maximize shareholder value comes from. Then it won't seem quite as evil anymore. https://en

Readers may be interested in knowing where the legal requirement to maximize shareholder value comes from. Then it won't seem quite as evil anymore. https://en.m.wikipedia.org/wiki/Principal%E2%80%93agent_problem https://en.m.wikipedia.org/wiki/Principal%E2%80%93agent_prob... Essentially, when owners appoint a manager (CEO) there is the risk that this manager will make decisions that enrich themselves and their friends (corruption) at the expense of the company, its employees and shareholders.