4 ms·

> I'm pretty sure, as it is now, corporations that have shareholders are obligated to be unethical. Not if the shareholders want them to be ethical more than p

by brazzy 14y ago

> I'm pretty sure, as it is now, corporations that have shareholders are obligated to be unethical. Not if the shareholders want them to be ethical more than profitable. Arguably, shared ownership tends to promote turning a blind eye to that aspect.

kevinpet 14y ago
Not for a public C corp. They must maximize shareholder value, or a minority shareholder could sue and win. Patagonia changed their corporate structure to a California B corp to allow this.
- brazzy 14y ago
  Sounds like a caricature of the actual laws.