Comment by ringaroundthetx
9 years ago
> Corporations have been operating under the mistaken belief that they are legally obligated to maximize shareholder returns for a couple of decades now
Thats because its very expensive when you don't, from the shareholder lawsuits.
You can try to scale up your worldview without getting sued to oblivion, but it is a parallel fantasy.
Can you point to any successful lawsuits that argue that companies have a fiduciary duty to maximize profits?