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The legal standard is not to "maximize profits."
by staticman2 4y ago
The legal standard is not to "maximize profits."
- hellojesus 4y agoYou are correct. I was wrong on the standard. They have a duty insofar as they know shareholders will replace them via voting power if they displease the majority of their shareholders, and generally shareholders want to increase value or dividends. However, that's not always the case. Shareholders could generally desire anything else. Thank you for the correction.