3 ms·

Fifuciary duty to shareholders is one of the most pernicious forces against progress there is. The short term "number go up" mentality is breeds is a cancer.

• roboror 2y ago
  That's somewhat of a myth that lets these companies off easy, there's no ruling that says you have to maximize profit at all costs, or at all to an extent. The sole motivator is greed.
• jahewson 2y ago
  The former does not imply the latter. Look at Bezos, he spent years re-investing in Amazon to provide long-term financial benefits to his shareholders. Pressure for short-term gains comes from shareholders on Wall St, it’s not a fundamental property of shareholders.
• maeil 2y ago
  It's a complete myth used by the greedy to justify corporate greed. The only way someone would ever be succesfully prosecuted for this is if they'd clearly intentionally crash the company. Go do a search, you won't find a single other prosecution. I really hope this changes your mindset. The number go up mentality is purely a result of avarice from those enacting it, it has 0 to do with any laws, it's all personal greed.