[secabeen]

> And legally, the comapny's sole responsibility is "make money for shareholders".

"the philosophy of putting shareholder profits over all else is a matter of ideology which is not grounded in American law or tradition"

https://www.salon.com/2012/04/04/the_shareholder_fallacy/

This remains a matter of active debate, and there is no law that requires or enshrines it. It's a legitimate opinion to hold, that a company should maximize shareholder returns, but it is not in any way a requirement to do so.

Here's a recent study on the matter: https://corpgov.law.harvard.edu/2025/06/12/the-costs-of-weak...

Note that if shareholder primacy were the law of the land, this study could never have even occurred.