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by dghlsakjg
1117 days ago
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You're missing my point (and using the term greenwashing in a way that I don't understand). I'm not saying that corporations won't act in morally wrong ways in the name of profit maximizing. I'm saying that there is no legal requirement that they act in this way. There is a meme/idea that goes around saying that there is a legal requirement to profit-maximize or maximize "shareholder value" over acting morally. That is false. Anyone claiming that is wrong and probably trying to cover for something terrible they've done. The fig leaf isn't real, and we need to call it out. Doing shitty things for higher profits is not a requirement, and never has been. Of course it is legal to profit maximize in unethical ways, and some companies will do this, even though they don't have to. Many a CEO has been fired for not profit-maximizing, but many a CEO has been fired for profit-maximizing while trashing the reputation of the company. Boeing and Equifax are two immediate examples of CEOs who got fired for making extremely profit-focused decisions that were severely unethical. It happens. |
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