Comment on Google agrees to pay £130m in back taxes after an audit by UK tax authoritiesparentComments−sandworm10110yBecause they are a US publicly-traded company. By law, Google only exists for the benefit of its shareholders. Everything else Google does, good or evil, is simply a means to that end. That's how US corps work.−joosters10yBut since its management own a large amount of google shares, this argument is not very convincing.−sandworm10110yBecause these managers put personal preferences above shareholder value? They won't remain managers for very long at that rate.
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Because they are a US publicly-traded company. By law, Google only exists for the benefit of its shareholders. Everything else Google does, good or evil, is simply a means to that end. That's how US corps work.
But since its management own a large amount of google shares, this argument is not very convincing.
Because these managers put personal preferences above shareholder value? They won't remain managers for very long at that rate.