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At the time of (my) commenting parent is heavily downvoted. > “Corporations are bound by fiduciary responsibility to maximize profit" This is often repeated o
by jpmoral 4y ago
At the time of (my) commenting parent is heavily downvoted.
> “Corporations are bound by fiduciary responsibility to maximize profit"
This is often repeated on HN and elsewhere. I'm not a corporate lawyer or any sort of lawyer but an Internet search indicates this isn't true. I wish people would comment instead of just downvoting.
- Spooky23 4y agoMaximizing shareholder value is a position taken by many that is getting less popular. Value is difficult - Wall St cares about quarterly results, but shareholder value may be better served with a different scope.