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You said profit was the "first" motivation. You haven't even justified that. Saying that a corporation has to at least break even to avoid being a charity is
by haberman 15y ago
You said profit was the "first" motivation. You haven't even justified that. Saying that a corporation has to at least break even to avoid being a charity is a far cry from your previous grandstanding. Just because a corporation has to make money doesn't mean that money is the "first" motivation for every decision. It doesn't explain why Google (not Sergey, Google) pulled out of China.
- timr 15y agoUm...they chose to go into China in the first place, and they didn't do it for charity work. A lot of people thought that was pretty evil. In any case, the parent doesn't have to justify anything, because he's stating a relatively well-known argument: in the US, there's an obligation for corporate executives to maximize shareholder value. This point is debated (http://www.linkedin.com/answers/law-legal/corporate-law/corporate-law/LAW_COR_CRL/834796-1078684 http://www.linkedin.com/answers/law-legal/corporate-law/corp...), but not to the extent that you're claiming.
- deleted 15y ago[deleted]
- danssig 15y agoThey pulled out of China because the government was hacking them! Do you think they had some knight-in-shining-armour reason? That was all just PR.