alt Hacker News"the idea that companies are obligated to maximize profits at the expense of all else"
!! That is literally the definition of legally-binding fiduciary resonsibility for publicly-traded corporations. There are exceptions (PBCs, B-Corps) but they're rare.
Replies
mafuy • today at 8:29 AM
This is a completely stupid take and I have no idea why so many people repeat it. This responsibility just means you have to have to document your work understandably and have a somewhat sensible reason for decisions. It does not at all force you to greed.
hattmall • today at 2:38 AM
It's really not though.
Please cite your source for this. Everything I've ever read on the topic indicates that this is a vast oversimplification.