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This is oft-stated, but not really true in a practical sense. If in 2018 parking lots are more profitable than manufacturing, will you see Apple go into the par
by JabavuAdams 9y ago
This is oft-stated, but not really true in a practical sense. If in 2018 parking lots are more profitable than manufacturing, will you see Apple go into the parking lot business?
There's a huge amount of wiggle room and discretion possible even within the obligations to share-holders.
- eggpy 9y agoWhile I understand your point, that is a massive overstatement. Apple doesn't go into the parking lot business because it isn't in their corporate charter[0], which outlines the companies' objectives, structure, and operations. If Apple decided they could benefit by building parking lots then they very well might as long as they could justify the expense. [0] https://www.investopedia.com/terms/c/corporatecharter.asp https://www.investopedia.com/terms/c/corporatecharter.asp