Linked by Thom Holwerda on Sun 29th May 2011 21:29 UTC, submitted by teigetje
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Member since:
2005-08-17
Well, I'm no lawyer but I've read it enough times. For example you can see in this article: http://belfercenter.ksg.harvard.edu/analysis/stavins/?p=96 the author asks if a company is allowed to sacrifice profit for social responsibility. "First, may firms sacrifice profits in the social interest – given their fiduciary responsibilities to shareholders? Does management have a fiduciary duty to maximize corporate profits in the interest of shareholders, or can it sacrifice profits by voluntarily exceeding the requirements of environmental law?". Now, if a company has a solid case against another company which would bring them profit, wouldn't you agree share holders would be pissed if the company didn't pursue it?