4 ms·
> Corporations have been operating under the mistaken belief that they are legally obligated to maximize shareholder returns for a couple of decades now Thats
by ringaroundthetx 9y ago
> Corporations have been operating under the mistaken belief that they are legally obligated to maximize shareholder returns for a couple of decades now
Thats because its very expensive when you don't, from the shareholder lawsuits.
You can try to scale up your worldview without getting sued to oblivion, but it is a parallel fantasy.
- pg314 9y agoCan you point to any successful lawsuits that argue that companies have a fiduciary duty to maximize profits?