It’s kind of sad that we live in a world where even if a CEO wanted to do something to help the planet at the expense of his own profits, they’d be sued for doing so.
The one way a company can avoid that is to not go publicly traded in the first place. Problem is there’s a huge a mount of incentive to go publicly traded - specifically, it’s a huge boost to cash-on-hand, which can be crucial for expanding a business - so most corporations will basically do so without batting an eyelash at it. It’s a lot slower to build a company solely from net profits and private investors. But the cost of faster growth is a loss of control of the company.
It’s kind of sad that we live in a world where even if a CEO wanted to do something to help the planet at the expense of his own profits, they’d be sued for doing so.
The one way a company can avoid that is to not go publicly traded in the first place. Problem is there’s a huge a mount of incentive to go publicly traded - specifically, it’s a huge boost to cash-on-hand, which can be crucial for expanding a business - so most corporations will basically do so without batting an eyelash at it. It’s a lot slower to build a company solely from net profits and private investors. But the cost of faster growth is a loss of control of the company.