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Comment Re:autoplay sucks anyway (Score 2) 108

No, they must try to make a profit, if that is what the corporation is for. Not all are. But the specific wording I objected to was:

They're publicly traded which means their every thought must be about how to make more money for the shareholders.

There is nothing saying that larger profits are the only thing a corporation can think about or focus on. If that were the case, every time a corporation gave to charity, or used company resources (money, vehicles, personnel, publicity, etc.) to sponsor an event, they would be sued by the stockholders for ignoring their fiduciary duty.

So, no, the fiduciary duty of a corporation, and its directors, is not simply about making as much profit as possible for their stockholders. The court case that settled this, and that people refer to without having read it, basically states the exact opposite of kelemorv4's claim. Your definition of fiduciary duty is simply that, a definition of a term. Not how it is applied in the business world, or in all the countries with their own differing laws.

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