Comment on Would SpaceX continue to be immoral without Musk?
A_norny_mousse@piefed.zip 1 week agoI don’t like the way @Zwuselmaus attacks a weak point in your comment, but a weak point it is. It’s not actually law (at least concerning USA and UK), yet in principle you are correct, at least in my opinion:
Can a Publicly Listed Company Be Sued for Not Maximizing Profit?
Publicly listed companies are subject to more stringent regulations than private companies due to the fact that they are owned by shareholders who have invested in the company expecting financial returns. In this context, the legal obligations of maximizing profit are more clearly defined, though not as absolute as one might think.
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ada@lemmy.blahaj.zone 6 days ago
The quote you gave suggests that companies are legally expected to maximise profit, but with caveats/nuance. It also highlights shareholder pressure towards the same goal.
If the claim is that fear of legal action doesn’t technically count as 'legally required ", then sure, I used the wrong word. But as I said elsewhere, it doesn’t change my point.
A_norny_mousse@piefed.zip 6 days ago
Agreed.