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They aren't legally bound to maximize profits, but they are extremely motivated to.
by craftyguy 8y ago
They aren't legally bound to maximize profits, but they are extremely motivated to.
- jlarocco 8y agoThe part you're leaving out is that it's the shareholders who instigate that motivation. If enough shareholders want the company to do something else instead, then there's absolutely nothing wrong with that. The underlying problem is that almost everybody buys stock as an investment, not to take active roles in running companies or make political statements.
- craftyguy 8y agoWell, yea, that was kind of implied...