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by haberman
5386 days ago
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You said profit was the "first" motivation. You haven't even justified that. Saying that a corporation has to at least break even to avoid being a charity is a far cry from your previous grandstanding. Just because a corporation has to make money doesn't mean that money is the "first" motivation for every decision. It doesn't explain why Google (not Sergey, Google) pulled out of China. |
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In any case, the parent doesn't have to justify anything, because he's stating a relatively well-known argument: in the US, there's an obligation for corporate executives to maximize shareholder value. This point is debated (http://www.linkedin.com/answers/law-legal/corporate-law/corp...), but not to the extent that you're claiming.