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> I have incredibly cynical views on corporations due to their strong incentives to put the bottom line before everything else. Yes, and I get the reasons for
by gdulli 7y ago
> I have incredibly cynical views on corporations due to their strong incentives to put the bottom line before everything else.
Yes, and I get the reasons for that, but you have to retain the ability to step outside your biases and see exceptions, even if the biases are logical and usually correct. Otherwise you go through life treating everything and everyone as a stereotype, which won't be accurate.
It's not the case that a public company is legally forbidden from taking any action that can help the world more than the bottom line. They're openly taking the action anyway, it's not like the presence of sincerity in their motivation increases their legal exposure to shareholders.
https://www.lawschool.cornell.edu/academics/clarke_business_law_institute/corporations-and-society/Common-Misunderstandings-About-Corporations.cfm https://www.lawschool.cornell.edu/academics/clarke_business_...
> As the U.S. Supreme Court recently stated, "modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not do so."