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> and as a corporation beholden to shareholders they have a legal duty to maximize returns I never understood this point. If there is a legal requirement to ma
by Hokusai 5y ago
> and as a corporation beholden to shareholders they have a legal duty to maximize returns
I never understood this point. If there is a legal requirement to maximize profit, CEOs should be legally required to have low compensations so as to maximize profit. But that is not the case. Why "maximize profit" does not apply to wasteful hyper paid CEOs?
Worse even. Most companies reduce profits by moving them to other countries with lower taxes. Would not that be against the law?