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do public companies always have to do what makes the shareholders the most money or risk being sued?

I know the board has some fiduciary duty, but can a company put some guardrails on it when they go public, like saying the environment will always come first, or employees or customers or something?

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  • They don't even need to involve an outside party at all: they can just replace the uncooperative CEO at any time for someone else who will play ball.

27 comments