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>Legally Citation needed!!! It is not illegal to have other goals than maximizing shareholder value. For example, Costco. Publicly traded company but the emp
by odorousrex 8y ago
>Legally
Citation needed!!!
It is not illegal to have other goals than maximizing shareholder value.
For example, Costco. Publicly traded company but the employees are paid well, customers are well taken care of, and the CEO is rewarded for this. In the short-term, Costco could generate an enormous amount of value by automated, reducing wages, and finding cheaper supplies and lowering quality, selling their customer's membership information, etc.
But they don't. And there is nothing illegal about it.