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by hollerith
5083 days ago
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>In the US, at least, if something is not illegal and will make money, then corporations are legally required to take that path Although this assertion gets repeated over and over on the internet, I think it is a gross distortion of American laws on the fiduciary responsibilities of corporate officers to say that corporations are legally required not to have moral standards that have not been codified as laws or governmental regulations. Google for example cited ethical reasons for pulling out of the Chinese market. Did any of Google's shareholders sue Google over that decision? Did any shareholders sue Apple over their recent decision to tighten up its oversight of its Chinese manufacturer's treatment of factory workers? |
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Bad publicity has the potential to hurt profits.