"Are US companies legally obligated to maximize profits for shareholders?"

Re:"Are US companies legally obligated to maximize profits f... by yieldcrv on Friday February 17, 2023 @11:35AM (#34836823)

I'm glad you came out on the other side, and have the cognitive ability to perceive independent parts in a large system this way.

I would add one other thing, some of those steps have opportunists in them.

Once you realize that, you realize you can be an opportunist too. You can play the game at the same level, by pushing chess pieces at a small level.

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Re:"Are US companies legally obligated to maximize profits f... by foogazi on Friday February 17, 2023 @08:13PM (#34842818)

> You can play the game at the same level, by pushing chess pieces at a small level.

You can’t lobby to abolish the gold standard or influence federal appointees

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Re:"Are US companies legally obligated to maximize profits f... by yieldcrv on Friday February 17, 2023 @08:36PM (#34842954)

> influence federal appointees

you can. you can get your people in agencies and courts when the time looks favorable, and they will transcend the Senate committee composition and the President's administration.

> You can’t lobby to abolish the gold standard

odd example since that's gone for 50-90 years already, but again you can.

think about it this way. periodically there's a conspiracy documentary about people pulling the strings of the elected President. what they neglect to mention is that every possible permutation of potentially electable Presidents have opportunists already waiting. You don't have to be a partisan. You don't have to actually be a partisan. Loads of people are doing things beneficial to them.

[ Parent | on HN ]