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>Aren't you obligated to make the highest returns for shareholders? Actually no. As recently as Burwell v Hobby Lobby, the Supreme Court said: "Modern corpora
by d_e_solomon 10y ago
>Aren't you obligated to make the highest returns for shareholders?
Actually no. As recently as Burwell v Hobby Lobby, the Supreme Court said:
"Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not."
http://caselaw.findlaw.com/us-supreme-court/13-354.html http://caselaw.findlaw.com/us-supreme-court/13-354.html
- nailer 10y agoPoint taken. I should be more exact: is maximising shareholder return a higher priority than maximising shareholder input?