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No it's really not. Thinking that it means "maximising short term profit is really the only goal" is a myth that needs to die, but maximising net discounted pro
by colinmhayes 5y ago
No it's really not. Thinking that it means "maximising short term profit is really the only goal" is a myth that needs to die, but maximising net discounted profit is really the only goal of public companies.
- wtetzner 5y agoThey're obligated to act in the interest of shareholders. That usually means profits, but could very well be other things.
- foolinaround 5y agothis here is the real answer. So, if a majority of Apple's shareholders feel a different way from just maximizing profits then changes could be underway.