> "the legal duty to maximize shareholder value" Agree. Companies have numerous stakeholders. As is implicit in the link you give, there is no legal obligation

> "the legal duty to maximize shareholder value" Agree. Companies have numerous stakeholders. As is implicit in the link you give, there is no legal obligation for executives or other employees to maximize shareholder value (for the directors, there is a fiduciary responsibility). Milton Friedman asserted that there was a _moral_ duty to maximize shareholder value, which is quite different, but this also has become quite controversial recently.