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A comment on Nestlé Wants to Sell You Both Sugary Snacks and Diabetes Pills. Parent comment

Re:Nestlé Wants to Sell You Both Sugary Snacks and Diabetes ... by johndevor on Monday May 09, 2016 @09:35AM (#11659695)
As a CEO in the US you're legally obligated to maximize profits. In that sense I don't see this as a problem with Nestle, more so the greater system in which Nestle sits.
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Re:Nestlé Wants to Sell You Both Sugary Snacks and Diabetes ... by Mvandenbergh on Monday May 09, 2016 @09:52AM (#11659817)
That's not true, you're legally obligated not to defraud the company but beyond that you can do whatever the board lets you do.
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Re:Nestlé Wants to Sell You Both Sugary Snacks and Diabetes ... by ptaipale on Monday May 09, 2016 @09:48AM (#11659788)
Is this really true?

Over here (EU), the purpose of a corporation does not have to be maximising profit (although that is the default) and CEO does not have to use every legal method to maximize profit, at all costs.

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Re:Nestlé Wants to Sell You Both Sugary Snacks and Diabetes ... by TheCoelacanth on Monday May 09, 2016 @11:53AM (#11660747)
Even in the US, it is not really true. The CEO is not allowed to unreasonably undermine the company's profitability, but they are allowed nearly unlimited business judgement. As long as they can come up with any remotely plausible business justification for their actions, no court in the US will stop them.

The CEO of Nestle could say something as simple as "acting in this manner will be perceived negatively and will harm our future sales" and they would be safe from legal action.

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Re:Nestlé Wants to Sell You Both Sugary Snacks and Diabetes ... by jessaustin on Monday May 09, 2016 @04:32PM (#11662907)
Nestlé is Swiss.
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