Thread: French Government Thinks Amazon Is Too Customer Friendly
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Old 06-28-2013, 02:09 PM   #81
John F
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Quote:
Originally Posted by HarryT View Post
No, I certainly don't. But companies have no obligation to benefit society, whereas they do have a duty - a legal requirement, in fact - to maximize the benefit to their shareholders. (That's under UK law. As we've discussed before, I think things may be different in German law.)
I added the bold...

I've seen this mentioned before, but it is usually in wording like "maximize profit". Can a public company, as long as the shareholders agree, have a goal other than monetary gain? For example, couldn't a company say "we want to be an environmentally friendly company", so they may sacrifice profits to achieve that goal?

Thanks, and sorry for side tracking the thread.
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