> And you have a legal obligation to the shareholders to prevent that from happening at all costs.
I can't wait until this meme dies.
I can't wait until this meme dies.
But that doesn’t mean the duty is to maximize next quarter’s profit. Long term sustainability is also broadly in the interests of shareholders. The duty likewise does not require one to throw ethics and morals out the window.
This is why shareholders elect the board of directors, in theory.
(And even ignoring that, the executives often have personal motivations that have the same effect, and may just point at the "legal" angle as ass covering)
The way the world works right now is that effectively everyone uses an Android or Apple smartphone every day. Do you have a legal obligation to do so? No. If I said you did, I'd immediately be called out as spreading lies.