5 ms·
Companies don’t have a duty to maximize shareholder value. See here, for one discussion: https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations
by SpelingBeeChamp 4y ago
Companies don’t have a duty to maximize shareholder value.
See here, for one discussion: 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...
- thomasmiller_ 4y agoFrom the same discussion: https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/its-law-but-it-shouldnt-be https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co...
- deleted 4y ago[deleted]
- SpelingBeeChamp 4y agoThe first link in that article (that the law in Delaware is clear about corporate purpose) is to the author’s own writing elsewhere. Not that it makes him wrong, but citing yourself is not a great look, IMO. I appreciate the link.
- cryptonector 4y agoProfit != value.