To achieve what you suggest there would need to be a controlling majority of shareholders that also hold this philanthropic view, otherwise the execs are required to do the normal thing, optimize the returns of their shareholders. (To have this criteria while raising capitol will severely restrict who you can work with / have on your board)
This is often why I feel bad for execs who take flack when their company optimizes / minimizes their tax burdens as its their shareholders who require them to do so and the law that allows it.
For people like Zurkerberg the way they can achieve their philanthropic goals best is to build a massively profitable business with the support of other investors who will share that goal and then take their personal profits and use those to achieve their goals.
To achieve what you suggest there would need to be a controlling majority of shareholders that also hold this philanthropic view, otherwise the execs are required to do the normal thing, optimize the returns of their shareholders. (To have this criteria while raising capitol will severely restrict who you can work with / have on your board)
This is often why I feel bad for execs who take flack when their company optimizes / minimizes their tax burdens as its their shareholders who require them to do so and the law that allows it.
For people like Zurkerberg the way they can achieve their philanthropic goals best is to build a massively profitable business with the support of other investors who will share that goal and then take their personal profits and use those to achieve their goals.