3 ms·
> Can you point to a single instance where a company was forced to commit some act that its managers reasonably thought was morally wrong because of the "law" t
by amalcon 16y ago
> Can you point to a single instance where a company was forced to commit some act that its managers reasonably thought was morally wrong because of the "law" that companies must maximize shareholder value?
Tobacco companies concealing evidence that nicotine is addictive is sort of the textbook case for this, though you are correct that it is not a law as such. Pretty much every corporation has in its charter a mandate to maximize shareholder value within certain constraints.