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Aren't CEO's kind of legally obliged to maximise shareholder value, so they have to do the deal with the devil?
by secondcoming 6y ago
Aren't CEO's kind of legally obliged to maximise shareholder value, so they have to do the deal with the devil?
- tbihl 6y agoNo. They are to act in the best interest of the corporation/shareholders, which with increasing clarity means not getting in bed with Chinese organizations (assuming your foresight extends beyond the end of your nose.)
- secondcoming 6y agohindsight is great!
- jacquesm 6y agoWhy do we see this thing over-and-over-and-over again? It isn't true. It never was. Stop repeating it.
- ta17711771 6y agoComforting to some.
- rbecker 6y agoA common misconception. “Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.”: https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co...