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I was under the impression (based on the USSC's opinion back in 2015, see e.g. https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligation
by alxlaz 4y ago
I was under the impression (based on the USSC's opinion back in 2015, see e.g. https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co... ) that this was not true even in the US. Has anything changed in the meantime? Or did I get that article wrong from the beginning?
- deleted 4y ago[deleted]
- Conan_Kudo 4y agoIt is not true in the United States. Officers of the company are required to do best by the company and all stakeholders, but the officers can generally define how they approach that. Most go by the share price, because it's used as a proxy to measure company success.