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Companies have only one responsibility: to increase profits to the shareholders.

Yes, and those companies exist in a society, and long term planning is vital for long term profits, and that is 100% sensible and correct operating procedure.

Treating employees poorly can effect the ability to hire, and retain good people. It can effect consumers' desire to buy your products. It can result in unions, and the passing of laws, and therefore red tape.

So even if you have a dim view, re corporate responsibility, it matters not, for that role has larger scope than "profit this second".

And beyond this? All corporate decisions are made by people, and those people have every right to make moral decisions.