INAL. Regardless of the legality it’s clear that US firms have been squarely optimizing for the shareholder returns for atleast 50 years now. It’s lead to execs

INAL. Regardless of the legality it’s clear that US firms have been squarely optimizing for the shareholder returns for atleast 50 years now. It’s lead to execs aiming for short term goals. For instance, I’ve read it multiple places that financialization accounts for 30% of all US firms’ profits. Which is just money moving through stuff like HFT, FX trading etc.