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I understood parent as repeating the claim that companies are beholden to their shareholders to maximize (short-term) profit. The article I linked discusses fro
by onli 1y ago
I understood parent as repeating the claim that companies are beholden to their shareholders to maximize (short-term) profit. The article I linked discusses from several angles that this is a myth, companies are not forced (for example by law, as myth repeaters often claim) to maximize short term profit for shareholders. They can aim for different values and strategies.