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A comment on "Are US companies legally obligated to maximize profits for shareholders?". Parent comment

Re:"Are US companies legally obligated to maximize profits f... by mytailorisrich on Friday February 17, 2023 @11:46AM (#34836973)
This is a question that is answered in company board meetings when shareholders actually tell directors what they want. This is not a philosophical question to be pondered on in a vacuum.
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Re:"Are US companies legally obligated to maximize profits f... by ampear on Friday February 17, 2023 @12:25PM (#34837528)
Agreed there isn't a single answer to be reached in a vacuum, and obviously this is the mechanism by which majority shareholder intention may be communicated. The statement stands.
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