> And legally, the comapny's sole responsibility is "make money for shareholders". "the philosophy of putting shareholder profits over all else is a matter of

> And legally, the comapny's sole responsibility is "make money for shareholders". "the philosophy of putting shareholder profits over all else is a matter of ideology which is not grounded in American law or tradition" https://www.salon.com/2012/04/04/the_shareholder_fallacy/ https://www.salon.com/2012/04/04/the_shareholder_fallacy/ This remains a matter of active debate, and there is no law that requires or enshrines it. It's a legitimate opinion to hold, that a company should maximize shareholder returns, but it is not in any way a requirement to do so. Here's a recent study on the matter: https://corpgov.law.harvard.edu/2025/06/12/the-costs-of-weakening-shareholder-primacy-evidence-from-a-u-s-quasi-natural-experiment/ https://corpgov.law.harvard.edu/2025/06/12/the-costs-of-weak... Note that if shareholder primacy were the law of the land, this study could never have even occurred.