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.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.