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Re:"Are US companies legally obligated to maximize profits f... by rektide on Friday February 17, 2023 @11:36AM (#34836840)
I've heard it my entire working life, from coworkers at every step of the chain. Engineer wants to build something they think will be good & useful & help the company, and someone backhands them with "how will this make us/the company money?", sometimes followed up with "we're here to make money".

It may not be the exact same statement, but it's very close in spirit. This should be beside the point; we should do things that are good because we can, not just because they make us money, but I usually tend to see there being a ton of potential for the engineer's idea to help make money.

Re:"Are US companies legally obligated to maximize profits f... by HEmanZ on Friday February 17, 2023 @11:55AM (#34837101)
I think we have such different understandings on how economics work we couldn’t have a intelligent conversation about this. Maybe that’s why this topic generates so much heat in some and confusion in others.
Re:"Are US companies legally obligated to maximize profits f... by rektide on Friday February 17, 2023 @01:01PM (#34838061)
I dont think you've made your case very clearly for anyone. And you'be accused a lot of people of being difficult & problematic. Without having tried to make yourself understood.

I like a bunch of the gist of what you are saying, but I feel like most capitalism is bad capitalism, that the short-sightedness's prevalence is almost always outrageous & deserves the hate it attracts.

Organizations have extremely short reward loops. People come and go & dont try to do the right thing for next year, much less the next 5 years. Markets & investors punish poor quarterly reports. Maybe there's an idealized version of capital where folks can play it smart, but it doesnt seem to be happening on this planet.

Re:"Are US companies legally obligated to maximize profits f... by foogazi on Friday February 17, 2023 @08:19PM (#34842852)
> we should do things that are good because we can

If I hire you to fix my car I’m not paying you if instead you fix the neighbors car

Re:"Are US companies legally obligated to maximize profits f... by rektide on Saturday February 18, 2023 @02:41AM (#34844873)
ah yes, the beautiful zero-sum view of the world, where no one does anything positive ever unless the blood price is paid. thank you for your shitty shit view.
Re:"Are US companies legally obligated to maximize profits f... by foogazi on Saturday February 18, 2023 @01:17PM (#34849413)
> ah yes, the beautiful zero-sum view of the world, where no one does anything positive ever unless the blood price is paid

I didn’t say that. We put rules on corporations to protect shareholders. Nothing prevents shareholders from taking profits and giving them away.

But we don’t want the execs deciding to give away the shareholders moneys for them.

This is also where taxes come in. While others are maximizing profits we take a cut and distribute it to hopefully add some more good to the world

> i dont think a mutual benefit ought be required to do a little good

My personal cynical belief is that there is always a mutual benefit, it could be of different kind but everyone gets something in return. We value goods/actions differently and don’t place $ on every action, but every action has a cost.