Comment by stephen_g
3 hours ago
That’s a cop-out though. Company boards are legally required to act in the best interests of shareholders, and plenty of shareholders would agree that running a business in a sustainable way that can deliver profits over the long term is more in their interests than a business trading its future for some short term profits.
It’s a cultural problem really, where too many people who study business and economics have been taught this idea that it’s a moral necessity that businesses maximise profit for shareholders (to the point where plenty of people even wrongly believe that’s a legal requirement!), but it’s an ideological position that has only caused once great companies to fail and huge damage to our economies.
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