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I don't think that's true. They are required to pursue what the shareholders deem important. That's usually profit, but sometimes there are votes to sway the
by kbenson 7y ago
I don't think that's true. They are required to pursue what the shareholders deem important. That's usually profit, but sometimes there are votes to sway the company in a different direction. As a simple example of this, activist investors have spurred change in some industries that wasn't purely based on profit.[1]
1: https://oilprice.com/Energy/Energy-General/Activist-Investors-Force-Change-In-The-Oil-Industry.html https://oilprice.com/Energy/Energy-General/Activist-Investor...