[HN Gopher] Corporations Don't Have to Maximize Profits (2015)
       ___________________________________________________________________
        
       Corporations Don't Have to Maximize Profits (2015)
        
       Author : speckx
       Score  : 13 points
       Date   : 2026-02-08 20:13 UTC (2 hours ago)
        
 (HTM) web link (www.nytimes.com)
 (TXT) w3m dump (www.nytimes.com)
        
       | graemep wrote:
       | This is true in a narrow legal sense, but when directors are
       | given incentives to maximise share prices in the short term, the
       | business culture says that is their duty to do so, that is what
       | they will do.
        
         | jdashg wrote:
         | It's also true in a moral sense though. Choosing "defect"
         | rather than "cooperate" shall not be excused by game theory
         | rationalization, appeal to popularity, or "just following
         | orders".
        
       ___________________________________________________________________
       (page generated 2026-02-08 23:01 UTC)