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Any for-profit company would. In fact, if they are public, they are legally required to maximize profit without any other consideration.
by fnimick 3y ago
Any for-profit company would. In fact, if they are public, they are legally required to maximize profit without any other consideration.
- sgift 3y agoNo, they don't. That myth cannot die fast enough. https://insight.kellogg.northwestern.edu/article/shareholder-value-purpose-corporation https://insight.kellogg.northwestern.edu/article/shareholder... > There are a lot of misconceptions about maximizing shareholder value, even among economists. But talk to a legal scholar or a corporate lawyer: a CEO or board is not legally obliged to maximize shareholder value. They need to maximize the value of the corporation and act in its best interest. Only when there is a change in legal control, such as a merger or imminent hostile takeover, do they have to maximize shareholder value.