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by rednixion 2583 days ago
Should also add that maximizing shareholder value isn't a hard legal requirement since those laws are often misquoted to imply the opposite for some reason and that the board had "no choice" to pursue a particular controversial revenue stream, source: https://www.lawschool.cornell.edu/academics/clarke_business_...
1 comments

Yes. If maximizing shareholder value was the end-all and be-all, then every corporation would be in the sex, drugs, and gambling businesses.
I mean, the gambling business may be profitable, but are the profits really left on the table at this point? You don't just have to build a casino, you have to build a /better casino/.

Profitability has little to do with the overall margins of the market you are in, but in whether you can find places to optimize ROI that your competitors have not.

Gaming industry has around 10% net profit margins. Compare that to Apples 30%.