The last sentence of the article however, shows why that's not much of a consolation:
In other words, it is activist hedge funds and modern executive compensation practices — not corporate law — that drive so many of today’s public companies to myopically focus on short-term earnings; cut back on investment and innovation; mistreat their employees, customers and communities; and indulge in reckless, irresponsible and environmentally destructive behaviors.
cheerfully withdrawn, thank you for the information
can literally be sued if they don't put profits above all else. it's insane.
edit: fact check says, misleading, see source below
That's not quite true: https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits
Thanks for the clarification.
The last sentence of the article however, shows why that's not much of a consolation:
cheerfully withdrawn, thank you for the information