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Old 4th Feb 2018, 08:12
  #305 (permalink)  
GrahamO
 
Join Date: Nov 2009
Location: UK
Posts: 383
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Originally Posted by donotdespisethesnake
There is a widespread myth that companies are legally obliged to do whatever they can to make a profit, but it is not true.
True, however the law requires the Directors of the company to put the interests of the Shareholders first (without breaking the Law which is another of their responsibilities).

And you'll have difficulty convincing any court that losing money is in the best interest of the Shareholders.

Fiduciary Responsibility is the general term for looking after the owners assets and company and not putting the public good, or non-beneficiaries before the owners.
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