Irving H. Plotkin, a senior managing director at PricewaterhouseCoopers' national tax practice in Boston, says that "a company's obligation to its shareholders

Irving H. Plotkin, a senior managing director at PricewaterhouseCoopers' national tax practice in Boston, says that "a company's obligation to its shareholders is to try to minimize its taxes and all costs, but to do so legally." This is a pet peeve of mine: company directors are not obligated to minimize costs or maximize profits. http://crookedtimber.org/2008/07/25/what-obligation-maximise-what/ http://crookedtimber.org/2008/07/25/what-obligation-maximise... http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1013744 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1013744