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If it's a publicly traded company, it has a fiduciary responsibility to make money for its investors; so I'd have to agree with you. It's purpose is to make mo
by sageikosa 13y ago
If it's a publicly traded company, it has a fiduciary responsibility to make money for its investors; so I'd have to agree with you. It's purpose is to make money. It might spend money to buy goodwill to earn loyalty, but at the end of the business day, its a business.
- dspeyer 13y agoGoogle's corporate charter was specifically written to avoid that. And shareholders have no meaningful voting rights, so they can't override it there either.
- pbhjpbhj 13y ago>If it's a publicly traded company, it has a fiduciary responsibility to make money for its investors // Where is this codified?
- sageikosa 13y agoIt doesn't have to be "codified" to be fiduciary. The trust relationship between any investor and the investment enterprise is that the enterprise will be able to generate a return on the investment. If it doesn't assume this, it generally will be deemed a non-profit.
- pbhjpbhj 13y agoIf it's not codified then it's more likely an expectation than a responsibility. Of course investors expect a return, that's what the term "investor" entails. Non-pecuniary returns can satisfy the responsibilities of an enterprise. It appeared that a legal obligation was being suggested. What sort of obligation was being suggested and how is that obligation derived and enforced?