this post was submitted on 09 Dec 2024
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Legally correct.
It's a fiduciary duty, not a legal one. It's an expected act, but no law says they must maximize profits at any cost.
Its an expectation that can be changed and tempered like any other, but the rich class doesn't want to own up to deciding to destroy people's lives for their profit, so they hand wave and pretend like someone made them do it.
Maybe a few more bullets will debase them of this clearly reckless belief.
No, companies can actually be sued if they fail to act in the most profitable way. As well they should.
Not according to Dodge Brothers vs Ford.
That was settled a long time ago.