Hey, please stop repeating the misinformation that corps are legally required to maximize profits or your shareholders can sue you. It's propaganda promoted by a handful of huge fund managers because they'd *like that* to be true.
Even SCOTUS agrees “Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.” (Burwell v. Hobby Lobby)
calcifer
in reply to calcifer • • •Also, what follows from this is another request I have: do not accept "but we have to maximize our profits!" as an excuse for shitty corporate behavior.
The duty leaders have to shareholders is basic, and comes down to at least trying to make some money; it absolutely does not require anyone to be a complete exploitative asshole. That's a *choice*.
Egee
in reply to calcifer • • •