«There is a widespread and
completely erroneous belief out there that there is some sort of legal duty that corporate managers have to «maximize profits» or «maximize shareholder value,»» said Cornell law professor Lynn Stout, author of «The Shareholder Value Myth.»
I gave him the benefit of the doubt early on, even though every single person I have encountered, who is of the Reformed persuasion, has proven to be extremely capable of pointing out to everyone else where everyone else is wrong, and can do it in such a way as to give you the impression that, not only do they want to correct your
erroneous beliefs, but also want to make sure you feel very, very bad about being
completely wrong.