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No, they can't. This isn't my opinion. This is opinion of the US legal system.
by qeternity 5y ago
No, they can't. This isn't my opinion. This is opinion of the US legal system.
- b3morales 5y agoNo, that's not so; you're under a (common) misapprehension: https://news.ycombinator.com/item?id=17529520 https://news.ycombinator.com/item?id=17529520
- codingdave 5y agoWhile the pendulum goes back and forth on this issue, and in past decades, it did lean towards profits, I'm not aware of any regulatory enforcement of business decisions to maximize profits. Quite the contrary, almost all large businesses make charitable donations, which is the legal basis dating back to a 1956 NJ Supreme Court decision to support the legal rights to put social good above corporate profits. Even if that were not the case, we have recently swung to the other end of the pendulum, with corporate governance groups making an explicit change to work towards more than just profits a couple years ago -- https://fortune.com/longform/business-roundtable-ceos-corporations-purpose/ https://fortune.com/longform/business-roundtable-ceos-corpor...