Excuse me, what's the news here?
A company wants to maximize its profit.
If it is wasn't that way, they would be acting illegaly.
(publicly trading company must seek shareholders profit)
So what is the news once again?
A company wants to maximize its profit.
If it is wasn't that way, they would be acting illegaly.
(publicly trading company must seek shareholders profit)
So what is the news once again?
Common misconception.
> Corporate directors are not required to maximize shareholder value.
https://www.lawschool.cornell.edu/academics/clarke_business_...
"Usually maximizing shareholder value is not a legal obligation, but the product of the pressure that activist shareholders, stock-based compensation schemes and financial markets impose on corporate directors."