Imagine you’re the CEO of a publicly traded corporation that is legally required to maximize profits for shareholders. Do you
A) choose an option that will earn less gross profit or
B) choose the option that will earn more?
If you chose “A” because you’re a good person and not a greedy capitalist, congratulations. You’ve just been fired as CEO and the major shareholders just picked a replacement who will choose the second option.
Imagine you’re the CEO of a publicly traded corporation that is legally required to maximize profits for shareholders. Do you
A) choose an option that will earn less gross profit or
B) choose the option that will earn more?
If you chose “A” because you’re a good person and not a greedy capitalist, congratulations. You’ve just been fired as CEO and the major shareholders just picked a replacement who will choose the second option.