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Some engineers also have shares. US for-profit (non-bank, non-insurance, non-investor bund) companies, unlike European ones, are not legally required to maximi
by anticensor 8y ago
Some engineers also have shares.
US for-profit (non-bank, non-insurance, non-investor bund) companies, unlike European ones, are not legally required to maximise profits unless they are insolvent. Primary reason for short-time profit drive is investor pressure. The most important fiduciary duty is business competence. The right to reap profits is given in exchange for that.