The biggest argument for the answer being “Yes” would seem to be their contributions to the Kessler Syndrome but I’m really not that up to speed on how severe or critical the situation currently is.

  • A_norny_mousse@piefed.zipEnglish
    1·
    20 days ago

    I don’t like the way @Zwuselmaus attacks a weak point in your comment, but a weak point it is. It’s not actually law (at least concerning USA and UK), yet in principle you are correct, at least in my opinion:

    Can a Publicly Listed Company Be Sued for Not Maximizing Profit?

    Publicly listed companies are subject to more stringent regulations than private companies due to the fact that they are owned by shareholders who have invested in the company expecting financial returns. In this context, the legal obligations of maximizing profit are more clearly defined, though not as absolute as one might think.

    A Quick Search ™ reveals many similar answers.

    • Ada@lemmy.blahaj.zone
      1·
      20 days ago

      The quote you gave suggests that companies are legally expected to maximise profit, but with caveats/nuance. It also highlights shareholder pressure towards the same goal.

      If the claim is that fear of legal action doesn’t technically count as 'legally required ", then sure, I used the wrong word. But as I said elsewhere, it doesn’t change my point.