> But that doesn't change the fact that current publicly traded companies are legally required to maximize profits to shareholders above other goals.
There is no law requiring this. The principle that companies should maximize profit was designed to prevent CEO pay going up forever, because if the CEO can make up his own job then he can just pick whatever he's doing best at.
> I want the most powerful companies in the world to be driven by more universally beneficial goals.
I'm not sure companies actually stick to their charters, but anyway you're thinking of public benefit corporations.
I think it's simpler to just make bad things illegal though.
There is no law requiring this. The principle that companies should maximize profit was designed to prevent CEO pay going up forever, because if the CEO can make up his own job then he can just pick whatever he's doing best at.
> I want the most powerful companies in the world to be driven by more universally beneficial goals.
I'm not sure companies actually stick to their charters, but anyway you're thinking of public benefit corporations.
I think it's simpler to just make bad things illegal though.