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by munk-a
940 days ago
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Just to clarify, IANAL, but the "legally obligated to maximize profit" is a misinterpretation of Dodge vs. Ford[1]. It was a very radical decision for the time and hasn't been rescinded but still allows executives a wide degree of freedom in decision making. Acting morally is often highly rational and, whether a maximally efficient decision or not, is, IMO, the correct decision - whether there are clear consequences for acting immorally or not. 1. https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co. |
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