Quote:
Originally posted by Superman
If a CEO is found to have passed on an opportunity to make legal profits just because it would have been unethical, his Board could bring charges against him. His job was to maximize the value of a share of common stock, and he deliberately chose not to. It would be a form of fraud.
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Can you point to one single example in the history of US corporations where charges were brought against a CEO (or anyone else involved in the corporation) for NOT pursuing an profitable, but unethical, action?
Where it was shown, "Yes, we agree with you Mr. CEO that the action was unethical, but you did wrong by not pursuing it because it would have been profitable."
I didn't think so.