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by Xelbair 924 days ago
they care about profit. they have to. At least in the US:

https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.

2 comments

This argument always felt like a cop-out to me.

"Amazon is squeezing employees for maximum profit!" "Yes, they have to maximize profit by law" right, but there are also laws against union-busting, about workplace safety, etc, etc however _for some reason_ these other laws are second tier to a corporation's legal profit mandate.

Do you have a source for "they have to maximize profit by law"?
That one literally states it's uncertain if it is the case that corporations that are public have to maximize profits in the interest of the shareholders.