There is a legal obligation to serve shareholders’ “best interests”. It is not exactly the same thing as either maximizing profits, or maximizing shareholder va

There is a legal obligation to serve shareholders’ “best interests”. It is not exactly the same thing as either maximizing profits, or maximizing shareholder value. See http://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits http://www.nytimes.com/roomfordebate/2015/04/16/what-are-cor...