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> Yes, but also companies exist literally only to make money. False.
by chasing 6y ago
> Yes, but also companies exist literally only to make money.
False.
- deadalus 6y agoShareholders don't want to make money? That's not their primary goal?
- skuthus 6y agoit isnt typically the only goal, no. Many people own stocks and stakes in companies because they believe in what the company is doing, producing, or working towards.
- chasing 6y ago“Primary” != “only.” “Shareholders” != “only people with a stake in a company existing.”
- akerro 6y agoYes, I worded it completely wrong and people are responding me by concentrating on this word rather than message :(
- pchristensen 6y agoFor a lot of them, no. Also, even if they only want to make money, they will have different opinions about how different company strategies will succeed, and be interested in different time frames.
- sdwedq 6y agoYes but they understand that in free market, they have to spend money on quality employees to make money. Hence, people still invest in companies where employees are treated better than their competitors. Unhappy employees is not good for business over long term. That is why you see in news that racist, sexiest, or other bad actors getting fired even when they were top performers.
- optimuspaul 6y agoNo it's true that companies exist literally only to make money, not all companies however.
- simplify 6y agoExactly. Everyone needs to study the history of the Friedman doctrine before parroting statements like that.