3 ms·
In theory, you can organize a public company around any principles you want. And then, when other people buy a controlling interest in your company, they are j
by Godel_unicode 9y ago
In theory, you can organize a public company around any principles you want.
And then, when other people buy a controlling interest in your company, they are just as free to change it. Public companies do what a majority of their shareholders want, and people who buy stock are overwhelmingly interested in profit.
- cortesoft 9y agoRight, but that isn't what the person I was responding to was saying. They said shareholders had no right to demand anything besides maximum lifetime profit. I was simply saying that they were within their rights to ask for something different, if a majority of shareholders felt that way.