Earlier quoted context omitted.
It's not just wrong, if a company is registered as "commercial" (as opposed to non-profit or public-benefit), then "for the money" is a legal obligation. Shareholders can literally sue the management if they don't pursue the obligation.
Profit is not the only obligation. We all exist in a society. Poisoning the water can be very profitable, and yet shareholders cannot sue to force management to do it.
We've had rivers catch fire because poisoning the water is profitable.
We all exist in a society. However, the people most likely to own businesses and be successful at it seem to have no moral qualms about harming society so long as it personally enriches themselves.