Why not let them be what they are? The most base level definition, a corporation is simply A group of people authorized to act as a single entity and recognized

Why not let them be what they are? The most base level definition, a corporation is simply A group of people authorized to act as a single entity and recognized as such in law. Even if you take a slightly more expansive take on that, there is nothing that inherently means a corporation should exist to maximize profit. Its minimally viable definition is pretty well understood: A legal organization of people to act as a singular entity and are recognized as such under the law, typically formed as commercial entities to transact commerce on their behalf. I don't think that misses anything. Anything piled on top of that seems like something that should be specific from business to business. Thats my general issue with the US courts siding with maximize shareholder value to the point its now seen as a decree. Especially when such rulings tend to trounce majority shareholders by minority ones.