No, this is a popular misconception.
Companies may be created and operated for any goal or set of goals. Public and some types of
private companies must specify these goals at the time of incorporation and update them as
necessary. It is very rare for the stated purpose of the company to be just "Make money any
It is very rare (perhaps even unheard of) to hire a CEO for a company and tell him "The only
thing we care about is making money". It goes without saying that a company, like a person,
usually must generate income in order to survive and certainly to thrive. But that doesn't
have to come at any price, many companies have principles that they hold about profitability.