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> A public company in case you forgot is an institution designed to create value for share holders. I don't know much about US law regarding this, but I though
by dictum 13y ago
> A public company in case you forgot is an institution designed to create value for share holders.
I don't know much about US law regarding this, but I thought the only thing a public company shouldn't do is destroy value. I don't think a company has the obligation to specifically pursue the cheapest/fastest way to do something. Directors and executives have some freedom to run things as they see fit, but won't abuse their freedom to not be voted out of the company; not because the courts would punish them for it.
- dkuntz2 13y agoA public company's only goal is to create value for its share holders. While I personally believe things should be different, they aren't. A company that doesn't make money is useless to it's shareholders, and typically shareholders vote to make sure a company makes as much money as possible. There is no natural pressure on a company to care about other things, which is why we have laws to try to get them to care a little bit.