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For profit companies (including public companies) can be established to pursue any lawful purpose. They are absolutely not required to make as much money as pos
by Xixi 7y ago
For profit companies (including public companies) can be established to pursue any lawful purpose. They are absolutely not required to make as much money as possible.
"While it is certainly true that a central objective of for-profit corporations is to make money, modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not do so. For-profit corporations, with ownership approval, support a wide variety of charitable causes, and it is not at all uncommon for such corporations to further humanitarian and other altruistic objectives. Many examples come readily to mind. So long as its owners agree, a for-profit corporation may take costly pollution-control and energy-conservation measures that go beyond what the law requires."
[1] https://www.law.cornell.edu/supremecourt/text/13-354#OPINION_3-23ref https://www.law.cornell.edu/supremecourt/text/13-354#OPINION...