Originally Posted by Billi
Is it? It should act in its own best interest, then the shareholders (normally) will be happy too. And the interests of a company and its shareholders may even be contradicting and that's totally legal too.
Of course it is legal for the company's management not to act in the best interests of its shareholders. And then they will be voted out at the next shareholders' meeting. Would you deposit your money at a bank that says "we don't pay any interest but will deduct 1% from your deposit every month"?