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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 red-iron-pine on Friday February 17, 2023 @01:34PM (#34838507)
I've never heard of it with the phrase

> shareholder class

at the end of it. But make no mistake, every discussion I've had as been "how will this make us money, and will that impact the stock price" -- which has an implication.

Cuz retail investors don't count for much w/r/t stock ownership.

Plus Milton Friedman's "companies exist only to generate profits for shareholders" has been a mantra since I went to Uni in the 80s.

[ Parent | on HN ]
Re:"Are US companies legally obligated to maximize profits f... by foogazi on Friday February 17, 2023 @08:23PM (#34842875)
> Plus Milton Friedman's "companies exist only to generate profits for shareholders" has been a mantra since I went to Uni in the 80s.

Would you invest your 401k/retirement in companies that don’t generate profits for you ?

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