Earlier quoted context omitted.
For US companies registered in Delaware (which is most of them), the doctrine of shareholders primacy holds. Shareholders can and have sued corporate boards/execs for not acting in their best interest. It goes back to the 1910s when Henry Ford very loudly and explicitly announced he was cutting shareholder dividends to pay workers the famous $5/day wage (double what any other factory workers were paid), and minority…
> Shareholders can and have sued corporate boards/execs for not acting in their best interest. Translating "best interest" to "maximize profits" is the stretch though. The shareholders define what is their best interest. Shareholders aren't faceless demons. They are you and me.
These are not people, they don’t think morally the way people do. These are not demons, they are not evil themselves - these are more like machines, algorithms tuned to maximize profit. This structure is our paper-clip optimiser, already in place much before the AI revolution. If there is a devil, they are the ones behind setting up this entire system, not a player in it.