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tripletao • today at 7:40 PM • 1 reply • view on HN

Nothing in that article says you're obligated to maximize profit, and you're not:

> To quote the U.S. Supreme Court opinion in the recent Hobby Lobby case: “Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.”

https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co...

Executives are free to pursue near-term profit at the expense of everything else if they choose, and the shareholders are free to replace them if they don't. That's a choice by those executives or shareholders though, not an obligation.


Replies

ktm5j • today at 8:02 PM

I said it's their biggest priority, not their only priority... solving a problem that doesn't cost money and the solution doesn't make money is bottom of the barrel. Come on guys, be real.

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