Technically they dont have to. If the board actually agrees the goal isnt to min/max finance and have the goal be the best whatever, then thats the result. But until that becomes a bigger selling point for investors (the public), we are going to get the bottom financial line still.
That’s like saying that technically you can drive your car into a lake; nobody’s going to do it except by accident. Investors invest solely and specifically to get a return on their investment, regardless of what they might say their reason was. They want as big of a return as quickly as possible, and will make whatever changes they need to in order to make that happen. They don’t even think hard enough to find other more ethical avenues that might not destroy the world if they don’t give as big of a return that destroying the world would give.
Technically they dont have to. If the board actually agrees the goal isnt to min/max finance and have the goal be the best whatever, then thats the result. But until that becomes a bigger selling point for investors (the public), we are going to get the bottom financial line still.
Okay, but then line goes down and investors vote out the board.
And most stocks are held by a couple big Wall Street firms who own everything, not the public at large.
And technically always loses to practically. 😞
That’s like saying that technically you can drive your car into a lake; nobody’s going to do it except by accident. Investors invest solely and specifically to get a return on their investment, regardless of what they might say their reason was. They want as big of a return as quickly as possible, and will make whatever changes they need to in order to make that happen. They don’t even think hard enough to find other more ethical avenues that might not destroy the world if they don’t give as big of a return that destroying the world would give.