4 ms·
> you have to care about them making a profit or watch them evaporate. There is a difference between making a profit and maximizing profit. A publicly traded c
by door103 5y ago
> you have to care about them making a profit or watch them evaporate.
There is a difference between making a profit and maximizing profit. A publicly traded company is legally bound to do the latter.
- robomartin 5y ago> There is a difference between making a profit and maximizing profit. A publicly traded company is legally bound to do the latter. That's a lie. There is NO such legal requirement at all. None. Google it. Here's a starting point: https://www.google.com/search?q=Are+U.S+companies+legally+obligated+to+maximize+profits+for+shareholders https://www.google.com/search?q=Are+U.S+companies+legally+ob...
- door103 5y agoFrom your search, which contradicts your point: https://apexlg.com/are-the-managers-of-traditional-corporations-really-required-to-maximize-profits-to-shareholders-a-review-of-ebay-v-craiglist-et-al-in-the-argument-supporting-hybrid/ https://apexlg.com/are-the-managers-of-traditional-corporati...