this post was submitted on 03 Oct 2024
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Showerthoughts

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I don't want to call Twitter X out of spite, but calling the travesty that is X Twitter is an insult to the people that made Twitter what it was. (lemmy.ca)
submitted 1 month ago by lazylion_ca@lemmy.ca to c/showerthoughts@lemmy.world
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[–] tyler@programming.dev 5 points 1 month ago

That’s not the case at all, though it’s very often believed to be and stated as such on here and Reddit.

https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits

https://web.archive.org/web/20240529061049/https://skeptics.stackexchange.com/questions/8146/are-u-s-companies-legally-obligated-to-maximize-profits-for-shareholders