3 ms·
> 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
by 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...