Reply to post: Re: It's quite simple don't blame the player, vote to change the game.

Google tracks what you spend offline to prove its online ads work. And privacy folks are furious

JLV

Re: It's quite simple don't blame the player, vote to change the game.

>a for profit company must do it to maximize shareholder value or they risk a minority shareholder lawsuit.

There's a question about just that under StackExchange Skeptics.

https://skeptics.stackexchange.com/questions/8146/are-u-s-companies-legally-obligated-to-maximize-profits-for-shareholders

I think it boils down: corporations can't disregard shareholder interests (and, nor should they, that would make them even more prone to aim to maximize exec bonuses instead). But maximizing profits is not expressly mandated, as some claim. Esp not wrt to doing it by breaking the law in some form.

There was a bit of a shareholder revolt against the execs of the Epipen manufacturer recently for example, though it could be argued they had certainly pushed the envelope on maximizing profits.

Risking a lawsuit by shareholders is not quite the same as having a reasonable expectation that those shareholders would win that lawsuit. There is plenty of scope for corporate and executive malfeasance already, no need to invent stuff.

Last, shareholders' and the larger public's interests are not necessarily that far apart: limiting executive pay and bonuses should be a natural goal for shareholders in a well-functioning market.

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