I'm no expert, but I'd imagine a corporation could argue that reinvesting capital for the purpose of expansion, at the expense of immediate profit, is maximizin

I'm no expert, but I'd imagine a corporation could argue that reinvesting capital for the purpose of expansion, at the expense of immediate profit, is maximizing shareholder value over a longer period of time. Isn't this what all "growth stocks" try to do? I personally would prefer stocks that optimized for long term growth over immediate profit.