4 ms·
Your responsibility to your shareholders is not to maintain the highest profits/employee - it's to deliver the highest total profit per share. If you need peopl
by far33d 16y ago
Your responsibility to your shareholders is not to maintain the highest profits/employee - it's to deliver the highest total profit per share. If you need people, and can maintain the 3/2 ratio, you should add them.
- neilc 16y agoYour responsibility to your shareholders is not to maintain the highest profits/employee - it's to deliver the highest total profit per share. Management is legally obligated to act in the long-term best interests of the company; that is NOT the same as "deliver the highest total profit per share." For more, see: http://en.wikipedia.org/wiki/Business_judgment_rule http://en.wikipedia.org/wiki/Business_judgment_rule http://crookedtimber.org/2008/07/25/what-obligation-maximise-what/ http://crookedtimber.org/2008/07/25/what-obligation-maximise...