alt Hacker News> It's like saying that Maximizing Shareholder Value is always the right thing to do. No, it isn't.
it is, for the agents of the shareholders. As long as the actions of those agents are legal of course. That's why it's not legal to put fentanyl into every drug sold, because fentanyl is illegal.
But it is legal to put (more) sugar and/or salt into processed foods.
Replies
Andrex • today at 4:58 AM
> it is, for the agents of the shareholders
Shareholders are still human beings and the power they wield should be subject to public scrutiny.
matkoniecz • today at 6:19 AM
> > It's like saying that Maximizing Shareholder Value is always the right thing to do. No, it isn't.
> it is, for the agents of the shareholders
Even if we care solely only about shareholders, in extreme cases it is not beneficial also for them
No, it’s not. The government, and laws by proxy, will never keep up with people’s willingness to “maximize shareholder value” and so you get harmful, future-illegal practices. Reagan was “maximizing shareholder value”, and now look where the US is.