5 ms·
> corporations exist for their shareholders The history of incorporation suggests the contrary. This attitude is backed up mainly only by 1980s-onwards neo-pro
by 1propionyl 3y ago
> corporations exist for their shareholders
The history of incorporation suggests the contrary. This attitude is backed up mainly only by 1980s-onwards neo-proprietarian ideology/faith/apologia.
> This is a legal fiduciary duty.
Much like use of fiduciary in the usual sense: not screwing over your shareholders is, yes. Not choosing the plan to maximize the right outcomes ("quality attributes" other than profit exist) after the right length (short or long?) time not being the best one? No.