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Well, often if those running a corporation do not have profit maximization as their primary goal, they are voted out by investors. Essentially, maximizing profi
by Absentinsomniac 12y ago
Well, often if those running a corporation do not have profit maximization as their primary goal, they are voted out by investors. Essentially, maximizing profit becomes the job of the leaders as requested by those invested. There are some exceptions where corporations are profitable by targeting towards environmental things, or other causes, but the bottom line of profit is still there... Especially so with larger corporations.
- wutbrodo 12y agoI suspect those downvoting gress don't understand what he's saying at all. His claim that "sometimes", thos ein charge aren't only thinking about profit maximization is excluding the case you're describing, where "those in charge" is some combination of investors and the actual execs (specifically, in your example, "those in charge" _are_ in favor of profit maximization). There are a fair few examples in tech where founders have managed to hold on to a disproportionate amount of control and can much more accurately said to be fully "in charge", and those are the cases gress is claiming exists.
- gress 12y agoThanks - that is part of what I'm saying. Also, as another point, 'profit maximization' is predicting the future, and there is a lot of room for different views of what the future will be.
- lukifer 12y agoCorporations of sufficient size are indistinguishable from quasi-intelligent entities that merely utilize humans as processing nodes: http://omniorthogonal.blogspot.com/2013/02/hostile-ai-youre-soaking-in-it.html http://omniorthogonal.blogspot.com/2013/02/hostile-ai-youre-...