> publicly traded companies are required by law to maximize their profits Is that really true, though? "[...] there is no legal requirement for for-profit com

> publicly traded companies are required by law to maximize their profits Is that really true, though? "[...] there is no legal requirement for for-profit companies to maximize returns to shareholders. When a company is for sale, its directors are required to do all they can to maximize its value. At any other time, corporate law simply dictates that directors are supposed to help the company prosper and do nothing to benefit themselves at the company’s expense. But no law requires corporations to maximize returns to shareholders."[0] [0] https://www.washingtonpost.com/opinions/harold-meyerson-the-myth-of-maximizing-shareholder-value/2014/02/11/00cdfb14-9336-11e3-84e1-27626c5ef5fb_story.html https://www.washingtonpost.com/opinions/harold-meyerson-the-...