4 ms·
> fiduciary duty is to maximize shareholder profit This keeps coming up and is kind of true, but not really. To quote the U.S. Supreme Court opinion in the Ho
by gilbetron 4y ago
> fiduciary duty is to maximize shareholder profit
This keeps coming up and 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