> As an investor a company's duty is towards shareholders.
I think you left out some part of that sentence, it sort of has two subjects? Companies are not investors.
"As an investor, I only care about a company's duty towards shareholders" maybe?
But no, companies are not obligated -- legally or morally -- to be extractive or abusive in pursuit of shareholder's interests. A company can do whatever it wants, can be formed for whatever reason it wants, and shareholders can vote or divest if they don't like it. The whole "a company's only duty is to its shareholders" is a myth that was widely propagated in the 1980s. There's a kernel of truth to it, but it means much less than is commonly understood.
I think you left out some part of that sentence, it sort of has two subjects? Companies are not investors.
"As an investor, I only care about a company's duty towards shareholders" maybe?
But no, companies are not obligated -- legally or morally -- to be extractive or abusive in pursuit of shareholder's interests. A company can do whatever it wants, can be formed for whatever reason it wants, and shareholders can vote or divest if they don't like it. The whole "a company's only duty is to its shareholders" is a myth that was widely propagated in the 1980s. There's a kernel of truth to it, but it means much less than is commonly understood.