Re:1500 Private Jets Fly to Davos for Climate Talks
by dragonwriter on Tuesday January 22, 2019 @04:18PM
(#18972578)
> A corporation's literal only job is to seek profits above all else.
That isn't even approximately true as a blanket statement (labor unions and political parties in the US are, in fact, usually corporations), and, a perusal of actual corporate charters will show that it's not literally true even in specific cases.
> In the US, that's a legal requirement... people face fines or worse if they don't.
No, it's not, though that's a popular myth around the fiduciary dutied of corporate officers. [0]
That isn't even approximately true as a blanket statement (labor unions and political parties in the US are, in fact, usually corporations), and, a perusal of actual corporate charters will show that it's not literally true even in specific cases.
> In the US, that's a legal requirement... people face fines or worse if they don't.
No, it's not, though that's a popular myth around the fiduciary dutied of corporate officers. [0]
[0] https://www.nolo.com/legal-encyclopedia/fiduciary-responsibi...