4 ms·
Wouldn't the right answer to this be some sort of Public Benefit Corporation where the board does not have an ultimate obligation to maximize shareholder value?
by smw 9y ago
Wouldn't the right answer to this be some sort of Public Benefit Corporation where the board does not have an ultimate obligation to maximize shareholder value? As I understand it, they're available in more than half of US states, including CA and DE.
- nowarninglabel 9y agoYou should read this: https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co... Just because you are a for-profit does not mean you are beholden to pursuing profit at all costs. But yes, a B corp is another good option, though it has its pluses and minuses as well.