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Originally Posted by John F
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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A company can have whatever goals that they wish. However, most investors invest in companies that will make them the most money. While altruistic goals are nice, the average investor will just pass those companies right by and then the company will find itself cash-strapped. I'm sure there are companies that can do this, but most of those are privately owned and do not have to answer to shareholders.