Hacker News new | ask | show | jobs
by burnte 602 days ago
> Wow, it’s almost like they are a publicly traded company with a legal obligation to do so!

This is an amazingly common misconception about fiduciary responsibility to share holders. Nowhere in the law does it state that they must seek profit and shareholder value at all costs, above all other concerns, regardless of the impact. Companies are absolutely allowed to do things that are not 100% aligned with self interest. Many companies routinely do such things like charitable giving, excellent customer service, expensive processes that make the product more recyclable or repairable, etc.

1 comments

Aktienbolaget in Sweden are a notable exception there. Even they find ways to do things beyond profit while profiting, not just for profit.