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The result of a system that legally binds corporations to maximize profits enforced via shareholder lawsuit.
by staplers 5y ago
The result of a system that legally binds corporations to maximize profits enforced via shareholder lawsuit.
- pseudalopex 5y ago"While it is certainly true that a central objective of for-profit corporations is to make money, modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not do so."[1] [1] https://caselaw.findlaw.com/us-supreme-court/13-354.html https://caselaw.findlaw.com/us-supreme-court/13-354.html
- account42 5y agoHow is a comment in a lawsuit against a private company relevant to a comment about the negative incentives of publicly traded companies?