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by 001sky
4488 days ago
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This is worth parsing through slightly. CEO's have a fiduciary responsibility (not to act with malfeasance); and the shareholders have the right to replace the CEO. That's about it. The CEO is not under any obligation other than self-interest when it comes to what happens in between. The meme about "profit maximization" is one of those Keynesian sayings "of a defunct economist" that seems to rule people's imaginations. |
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