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Joined 10 months ago
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Cake day: January 12th, 2024

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  • So yes, increasing shareholder value is enshrined in US law. Only private corporations can get around that rule.

    This is true, with one exception.

    There are non-profit corporations. They have to declare that they are non-profit at the time of foundation, though. They have to write that in the statute (idk what it’s called in English, it’s “Satzung” in German).