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this post was submitted on 20 Oct 2023
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Technology
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Specifically, the thing that is wrong is the idea that the only way to uphold their fiduciary duty to shareholders is to maximize profit. They have a legal obligation to put their shareholders' interest first, and maximizing short term profit is not the only way to do this. Benefit corps give some of their revenue to a cause, sometimes companies invest in long-term stability or profitability.