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If it's a publicly traded company, it has a fiduciary responsibility to make money for its investors; so I'd have to agree with you. It's purpose is to make money. It might spend money to buy goodwill to earn loyalty, but at the end of the business day, its a business.

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Google's corporate charter was specifically written to avoid that. And shareholders have no meaningful voting rights, so they can't override it there either.

>If it's a publicly traded company, it has a fiduciary responsibility to make money for its investors //

Where is this codified?

It doesn't have to be "codified" to be fiduciary. The trust relationship between any investor and the investment enterprise is that the enterprise will be able to generate a return on the investment. If it doesn't assume this, it generally will be deemed a non-profit.

If it's not codified then it's more likely an expectation than a responsibility. Of course investors expect a return, that's what the term "investor" entails.

Non-pecuniary returns can satisfy the responsibilities of an enterprise.

It appeared that a legal obligation was being suggested. What sort of obligation was being suggested and how is that obligation derived and enforced?

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