“Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.”
We aren’t talking about corporations, but rather publicly traded companies. As the previous article pointed out you do have an obligation to your shareholders, and that obligation is to somehow act in their best interest.
Certainly the stock market price goes down if you aren’t growing. And prices going down means you’re not doing right by your shareholders.
I’m happy to be wrong here (I hope it’s true) but whether law or not it seems to be an immutable force.
We aren’t talking about corporations, but rather publicly traded companies. As the previous article pointed out you do have an obligation to your shareholders, and that obligation is to somehow act in their best interest.
Certainly the stock market price goes down if you aren’t growing. And prices going down means you’re not doing right by your shareholders.
I’m happy to be wrong here (I hope it’s true) but whether law or not it seems to be an immutable force.