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A public company may not be able to, because the board may be sued for doing things that do not increase shareholder value in the short term?
by spacebat 10y ago
A public company may not be able to, because the board may be sued for doing things that do not increase shareholder value in the short term?
- aries1980 10y agoThe company's mission is to fulfil its purpose that may or may not related to immediate shareholder value. I recommend to read the Flow's author's other book called Good Business: https://www.amazon.co.uk/Good-Business-Leadership-Making-Meaning/dp/0340739738 https://www.amazon.co.uk/Good-Business-Leadership-Making-Mea... . He describes quite well what bugged me with the concept of “a business entity is to maximise the profit”.