3 ms·
The expression "all but" means "almost but not quite".
by rabidrat 6y ago
The expression "all but" means "almost but not quite".
- snowwrestler 6y agoI know, that's what I'm trying to say: it's not true that CEOs are "almost but not quite" legally mandated to maximize profit or shareholder value. The law says plainly that they are not. "All but" is handy phrasing if you're trying to create the impression that something you prefer is true. If you don't prefer it, I think that using that phrase is like shooting yourself in the foot rhetorically. I think it's more constructive to point out that such a mandate does not exist (regardless of what some shareholders seem to believe), and there are good reasons it doesn't.