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by mnau
21 days ago
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It faces criticism, but still held true. "sacrificing profit for moral reasons" is not acting in best interest of shareholders. That doesn't mean maximizing value at all times btw, e.g. assessing potential reputational damage and sacrificing some profit by not doing something can be acting in best interest of shareholders (or not, depending on circumstances). Target is embroiled in one of such lawsuits over ESG mandates. https://www.dandodiary.com/2023/08/articles/esg/target-hit-w... |
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