Corpus ID: 167944225

Our Continuing Struggle with the Idea that For-Profit Corporations Seek Profit

@inproceedings{Strine2012OurCS,
  title={Our Continuing Struggle with the Idea that For-Profit Corporations Seek Profit},
  author={Leo E. Strine},
  year={2012}
}
  • Leo E. Strine
  • Published 2012
  • Business
  • When a corporation’s ardor for profits leads it to take excessive risks that endanger the firm’s solvency, commentators react with shock and dismay. How can corporate managers be so blinded by the immediate prospect of profit that they would ignore what, in hindsight, seem like such obvious risks? Likewise, we rent our garments in anger and chagrin when energy companies take environmental shortcuts in drilling for oil or mining coal, surprised that profit-maximizing firms have been less than… CONTINUE READING

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