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by Sander_Marechal 2075 days ago
Countless shareholder lawsuits say otherwise though. So it may not be their fiduciary duty, but if there's a good chance they get sued if they don't maximize profits, they will anyway.
2 comments
vonmoltke 2075 days ago
> Countless shareholder lawsuits say otherwise though. So it may not be their fiduciary duty, but if there's a good chance they get sued if they don't maximize profits, they will anyway.

No, they don't. In fact, I can't find any that involve maximizing anything.

Also, filing a lawsuit is trivial. Succeeding is a whole other kettle of fish.

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magicalist 2075 days ago
> but if there's a good chance they get sued if they don't maximize profits

That's exactly the myth the above link is about, btw.

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