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Well, I wasn't speaking to codified law, as referenced in your linked article. However, perhaps I over-simplified a bit in the interest of brevity when I wrote
by unclebucknasty 9y ago
Well, I wasn't speaking to codified law, as referenced in your linked article. However, perhaps I over-simplified a bit in the interest of brevity when I wrote "singular mission".
Still, I think it's commonly understood that for-profit companies are, well, profit-driven. And, that most investors invest with an interest in making money. So, companies are largely oriented in this direction.
Perhaps people like Friedman helped to define what's considered the reasonable expectation here, and it's kind of a self-fulfilling thing.