The goal of all American business is exactly the same: maximize the return of pr... | Hacker News

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neom on May 25, 2025 | parent | context | favorite | on: At Amazon, some coders say their jobs have begun t...

The goal of all American business is exactly the same: maximize the return of profits to the shareholders at large. It is in fact, the law. Do more with less is a natural consequence of this.

closewith on May 25, 2025 [–]

> is in fact, the law

It is not in fact law in the US.

neom on May 25, 2025 | [–]

https://corpgov.law.harvard.edu/2021/12/01/dodge-v-ford-what...

If directors consistently chose "do less with more" - they'd certainly lose under virtually any legal standard?

Edit: I guess it's technically Michigan law, but as far as I'm aware is de facto? Even Aronson v. Lewis wouldn't allow that. (IANAL)

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