3 ms·
> A publicly traded company is an entity which is legally required to maximize value for its shareholders. Stop spreading this, it's not true. 'Strong motivati
by craftyguy 7y ago
> A publicly traded company is an entity which is legally required to maximize value for its shareholders.
Stop spreading this, it's not true. 'Strong motivation' != 'legal requirement'.
The rest of your comment is spot on.
- rectang 7y ago+1, Here's a piece explaining the details: 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... I appreciate skohan's perspective and their comments in this thread very much. It won't take much to adapt the points to be technically correct while preserving the gist.