this post was submitted on 01 Sep 2025
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[–] Auth@lemmy.world 1 points 2 days ago

No almost all of that is misconception. Shareholders can sue normal companies and "PBC" for not maximizing shareholder value. PBC are still legally required to cater to shareholders interests. Legal scholars say that PBCs do not provide any protection against shareholders suing and data shows it does not stop profit maximizing behavior. Its pure marketing.