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> Corporations have a fiduciary obligation to maximize shareholder value. I understand this statement to mean "Corporations have a fiduciary obligation to maxi
by teachingassist 5y ago
> Corporations have a fiduciary obligation to maximize shareholder value.
I understand this statement to mean "Corporations have a fiduciary obligation to maximize shareholder value [within the law]".
Do corporations have a fiduciary obligation to change the law, as in your interpretation?
- onlyrealcuzzo 5y agoYes! Lobbying. A lot of laws are essentially written by corporations for corporations. https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture
- teachingassist 5y agoI get that corporations do lobby, but I was questioning whether they have an obligation to lobby.