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Shareholder benefit has been held many times by courts not to mean "the ruthless and exclusive sole pursuit of maximal profit"
by FireBeyond 3y ago
Shareholder benefit has been held many times by courts not to mean "the ruthless and exclusive sole pursuit of maximal profit"
- gruez 3y agoYeah but in this case, "maximize profit by charging 30% tax" is what the board (elected by the shareholders) decided to implement. You're free to disagree, but you'll have to start a proxy fight to change the board.
- standardUser 3y agoI think the greater point here is we need to change federal law if we want companies to not endlessly hoard cash and gouge their customers.