source? Is it written somewhere explicitly? Required by law I mean. (Honest question, don't want to start an argument)
What I was trying to say was that it a senseless argument and besides the point. It doesn't take a brain surgeon to recognize that corporations are set up to generate profit for it's investors. The power lies with the shareholders, they appoint temporary representatives in the form of the board of directors that manage the company. Another major issue is that the vast majority of shares in the private sector are owned by an extremely small minority of people, and these people by in large pursue short term financial gain at the expense of everything else, whether it is the environment, or some other externality of significant unaccounted consequence. So yes, technically if for some odd reason a minority of shareholders tried to get their way against the management for not having their best interest at heart, they would have a hard case to sell unless they have enough support but make no mistake about it, the vast majority of corporations are obsessive about short term profit maximization. This is why you see firms spending more cash on advertising superficial changes every iteration rather than actual R&D all the time.