Achtung: Decentralize, decentralize, decentralize
The post repeats the myth “There is no promise that a company can make to its users that outweighs the fiduciary duty that obligates them to maximize profits by any means. The only defense of this is legislation and consumer choice.”<p>As a counterpoint, see, for example, [1], that quotes the Supreme Court Hobby Lobby decision[2]: “Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.”<p>The argument in the OP article stands without this — it is nearly as bad that companies have <i>incentives</i> to misbehave, as if they were <i>legally obligated</i> to — but there is also room for improvement at the margin, if employees and customers understand that corporate actions are management’s choice; their hands are not tied.<p>[1] <a href="https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits" rel="nofollow">https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co...</a><p>[2] <a href="https://caselaw.lp.findlaw.com/scripts/getcase.pl?court=US&vol=000&invol=13-354" rel="nofollow">https://caselaw.lp.findlaw.com/scripts/getcase.pl?court=US&v...</a>