It just irks me that people often use the myth that they must maximise shareholder profits at all cost as a reason for why companies act evil. The Harvard Business Review article, that a still can't find unfortunately, also talked about how this myth is pervasive in management circles, and leads to bad business practices and corporations being socially unresponsible. I got the impression that you were insinuating this.
I didnt read the article but I believe this is a state by state law, and some states use the term 'stakeholder' instead of 'shareholder'. A stake holder can be interpreted as anyone affected by the company's actions. If you live down the street from a manufacturing plant, you are a stakeholder because their emissions are going into the air you breath.
It just irks me that people often use the myth that they must maximise shareholder profits at all cost as a reason for why companies act evil. The Harvard Business Review article, that a still can't find unfortunately, also talked about how this myth is pervasive in management circles, and leads to bad business practices and corporations being socially unresponsible. I got the impression that you were insinuating this.