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by falcolas
1490 days ago
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Shareholders are not the only stakeholders who should be considered in a company. "The purpose of a corporation is to ... create value over the long-term, which requires consideration of the stakeholders ... (shareholders, employees, customers, suppliers, creditors and communities) ..." https://corpgov.law.harvard.edu/2020/05/27/on-the-purpose-of... |
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Sure. (Though this is far from settled.) But saying this was the "original...purpose of a company" is inaccurate.