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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 5040 on Friday February 17, 2023 @12:12PM (#34837349)
>One of the most insidious ideas of our time

This isn't obvious to me. The idea is to pursue profits above all else, but also that giving people what they want will result in maximal profits. Is giving people what they want insidious?

[ Parent | on HN ]
Re:"Are US companies legally obligated to maximize profits f... by lambertsimnel on Friday February 17, 2023 @12:30PM (#34837588)
I think the concerns about profit maximisation include externalities. For example, if somebody not party to a transaction is harmed by unsafe behaviour, that might not inhibit that behaviour from maximising profit for those who are party to the transaction.
[ Parent | on HN ]