“Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.”[0]
replySupreme Court disagrees that a company is required “only required to maximize shareholder value”, do you have any evidence to support your claim?
[0]https://caselaw.findlaw.com/court/us-supreme-court/13-354.ht...
Within the constraints of the law is my understanding.
replyThis person does not have any evidence to support their claim. The notion that shareholder primacy is enshrined in settled law (when in fact, as you point out, the opposite is true) is widely believed in the HN comments pages.
reply> There is no doubt that his sexscapades were stupid
replySure, but his selling into China might be criminal. Or would you also excuse criminal behavior that's profitable?
> there is only one question that should matter for the board. Will the shareholders make more money with him or without?
replyI think "can we trust this person to act in the best interests of this company?" is a more accurate question
I don't think these scandals are in NVidias best interest, and the hits the share value have taken seem to support that