|
|
|
|
|
by eru
824 days ago
|
|
> It matters some but a very large private company still needs to organize and make money even if there's probably somewhat less immediacy. For a company like Google, it's exactly the same. Even after going public, the founders still control the majority of stock voting rights. And there's no obligation in corporate law that you have to maximize profits. It's just that you have a fiduciary duty to the shareholders; maximizing profits is one things shareholders can want, but it's not the only thing they are allowed to ask for. |
|