This is a misconception. They are not "like the rest of us", in that they are a publicly traded corporation with a legal obligation to chase shareholder value above all else. "We" are private individual citizens.
I’m talking about the individuals making these decisions, not the company itself.
Speaking of misconceptions, the obligation to maximize shareholder value is one. Companies have to do what their shareholders want, but it doesn’t have to be profit maximization.
Speaking of misconceptions, the obligation to maximize shareholder value is one. Companies have to do what their shareholders want, but it doesn’t have to be profit maximization.