r1veRRR, 2 lata temu

It’s absolutely true in practice. CEOs have gotten sued for not acting in the shareholders best interests.

And in relation to the original comment I replied to, are you truly saying that companies, esp. public companies, are not, FOR ALL INTENTS AND PURPOSES, beholden to making money for the shareholders? Any “nice” company will make less money, will not compete well, will then fail or be bought out by the less nice, more profitable company.