"...this is a legal requirement isn't as clear-cut as you make it to be."
The legal legal requirement can be questioned but heaven help the modern CEO that doesn't abide by the shareholders-first ethos. Before the 1980s (before Thatcher, Reagan, Milton Friedman, Friedrich Hayek et al era) companies had an understanding that they had a responsibility to both shareholders and the community that they operated in.
The legal legal requirement can be questioned but heaven help the modern CEO that doesn't abide by the shareholders-first ethos. Before the 1980s (before Thatcher, Reagan, Milton Friedman, Friedrich Hayek et al era) companies had an understanding that they had a responsibility to both shareholders and the community that they operated in.
That latter notion is long since dead.