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There's no legal basis for the shareholders to insist on maximizing ROI: https://corpgov.law.harvard.edu/2012/06/26/the-shareholder-value-myth/ https://corpgov.
by kachnuv_ocasek 7y ago
There's no legal basis for the shareholders to insist on maximizing ROI: https://corpgov.law.harvard.edu/2012/06/26/the-shareholder-value-myth/ https://corpgov.law.harvard.edu/2012/06/26/the-shareholder-v...
- antonvs 7y agoThere's not a legal requirement, but generally people are investing because of the expected returns. That creates a competitive requirement, with people investing most in the most profitable companies. The pressure towards maximizing profit is systemic.