2 ms·
No one is claiming that the law that corporation are required to try to maximize shareholder value is the same thing as requiring companies to do bad things. So
by yequalsx 16y ago
No one is claiming that the law that corporation are required to try to maximize shareholder value is the same thing as requiring companies to do bad things. Some people, me included, are saying that there are unintended consequences with this law and that some companies do bad things in an effort to maximize profit (increase shareholder value).
Pointing out that companies doing bad things is not the same thing as legally requiring them to do bad things is a red herring. It's not germane to the discussion at hand.