> corporate priority maximization of shareholder value.
I'm not sure if you're commenting on their observed behavior or their actual obligation. It would be good to put the phrase away since it's usually short-hand for a moral judgement on short-term focus (be sure, I'm not arguing either way here though I do hold an opinion). The fact is there is no legal duty for a corporation to maximize shareholder value, a couple of links:
I'm not sure if you're commenting on their observed behavior or their actual obligation. It would be good to put the phrase away since it's usually short-hand for a moral judgement on short-term focus (be sure, I'm not arguing either way here though I do hold an opinion). The fact is there is no legal duty for a corporation to maximize shareholder value, a couple of links:
https://corpgov.law.harvard.edu/2012/06/26/the-shareholder-v...
https://www.salon.com/2012/04/04/the_shareholder_fallacy/