this post was submitted on 21 Oct 2023
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It's an oversimplified way to describe an operating practice under capitalism. Every publicly traded company is required to deliver the most profit to their shareholders, and they can get sued if shareholders don't think the company is doing that. However, there are multiple philosophies on how to get the most profit, so the evilness of a company is on a spectrum.
Private companies are also beholden to their shareholders, but not exclusively for profit. Some may want to make huge sums of money by any means necessary. Others might want to invest in sustainable and ethical companies. Others might not care about profit at all.