3 ms·
> fiduciary obligation to maximize shareholder profits. This is kind of true, but not really. To quote the U.S. Supreme Court opinion in the Hobby Lobby case:
by gilbetron 4y ago
> fiduciary obligation to maximize shareholder profits.
This is kind of true, but not really.
To quote the U.S. Supreme Court opinion in the Hobby Lobby case: “Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.”
https://caselaw.findlaw.com/us-supreme-court/13-354.html https://caselaw.findlaw.com/us-supreme-court/13-354.html