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Excuse me, what's the news here? A company wants to maximize its profit. If it is wasn't that way, they would be acting illegaly. (publicly trading company m

• diffeomorphism 7y ago
  > If it is wasn't that way, they would be acting illegally. Common misconception. > Corporate directors are not required to maximize shareholder value. https://www.lawschool.cornell.edu/academics/clarke_business_law_institute/corporations-and-society/Common-Misunderstandings-About-Corporations.cfm https://www.lawschool.cornell.edu/academics/clarke_business_...
  • stefek99 7y ago
    Interesting. "Usually maximizing shareholder value is not a legal obligation, but the product of the pressure that activist shareholders, stock-based compensation schemes and financial markets impose on corporate directors."