Re:The Modern Workforce
by dragonwriter on Tuesday April 21, 2015 @07:26PM
(#9417848)
> > is profit-maximization a law?
> If we are talking about Public Companies, yes.
Please cite the relevant law.
Companies have what is called fiduciary duty to their shareholders.
http://www.legalmatch.com/law-library/article/corporate-fidu...
If we are talking about Public Companies, yes. Privately owned ones can do whatever they want, but in practice the ones that do'nt care about the bottom line tend to be driven out of the market by those who do.
> because i don't see why for example a company can't be formed for the purpose of "betterment of humanity"
Those are called NGOs.