this post was submitted on 16 Jun 2024
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What do you think of this prediction? (programming.dev)
submitted 5 months ago by federino@programming.dev to c/steam@lemmy.ml
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[–] gandalf_der_12te@discuss.tchncs.de 1 points 5 months ago

So yes, increasing shareholder value is enshrined in US law. Only private corporations can get around that rule.

This is true, with one exception.

There are non-profit corporations. They have to declare that they are non-profit at the time of foundation, though. They have to write that in the statute (idk what it's called in English, it's "Satzung" in German).