Re:Salesforce CEO Benioff calls for national privacy law
by ghaff on Wednesday May 16, 2018 @01:58PM
(#17084746)
So "Those standards include acting to promote the value of the corporation for the benefit of its stockholders" doesn't read the same to me as must maximize shareholder value at all legal cost.
There's a lot of space between incorporating as a for-profit corporation and then not seriously pursuing profits and the trope that if some action is not maximizing profits right now, you're not allowed to do it. For example, corporations do routinely make charitable contributions.
There's a lot of space between incorporating as a for-profit corporation and then not seriously pursuing profits and the trope that if some action is not maximizing profits right now, you're not allowed to do it. For example, corporations do routinely make charitable contributions.