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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
ZombieHorde (1000+ posts) Send PM | Profile | Ignore | Wed Oct-14-09 03:41 PM Original message |
Are companies legally obligated to maximize profits for the stockholders? |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Wed Oct-14-09 03:45 PM Response to Original message |
1. Yes |
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Nuclear Unicorn (1000+ posts) Send PM | Profile | Ignore | Wed Oct-14-09 03:45 PM Response to Original message |
2. They have a fiduciary responsibility to act in the best interests |
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Traveling_Home (1000+ posts) Send PM | Profile | Ignore | Wed Oct-14-09 04:19 PM Response to Original message |
3. No - depends on their incorporating documents, Execs, Boards, shareholder's decisions..... |
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ZombieHorde (1000+ posts) Send PM | Profile | Ignore | Wed Oct-14-09 07:45 PM Response to Original message |
4. Thanks everyone, "fiduciary" was the key word for my searches. |
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DU AdBot (1000+ posts) | Mon Sep 16th 2024, 02:01 PM Response to Original message |
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