alt Hacker News“Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.”[0]
Supreme Court disagrees that a company is required “only required to maximize shareholder value”, do you have any evidence to support your claim otherwise?
[0]https://caselaw.findlaw.com/court/us-supreme-court/13-354.ht...
Replies
hirako2000 • yesterday at 5:14 PM
Within the constraints of the law is my understanding.
This person does not have any evidence to support their claim. The notion that shareholder primacy is enshrined in settled law (when in fact, as you point out, the opposite is true) is widely believed in the HN comments pages.