Are U.S companies legally obligated to maximize profits for shareholders? (2012)
One of the most insidious ideas of our time. Interestingly, it seems directly at odds with the new dogma/mandate of BlackRock-style DEI, which is insidious in it's own way.<p>I wish the history of corporatocracy was taught more in schools, it seems like there was this massive, sudden leap between "the king gives you the right to build a bridge and collect tolls on it" and "the purpose of all human life is to build financial structures to increase the wealth of the shareholder class." I want to know more about how that shift occurred.