the CEO/chair/president/etc is legally bound to do this. No, that's an excuse. CEOs aren't allowed to steal from shareholders by, e.g., making the CEO's polit

the CEO/chair/president/etc is legally bound to do this. No, that's an excuse. CEOs aren't allowed to steal from shareholders by, e.g., making the CEO's political campaign or mansion a company project. That is illegal. However, CEOs have the legal right to prioritize the long-term health of the company, which they can define to include ethical decency and environmental impact.