It does not apply if regulation allows it, but this does not need to be the case, and has been debated for decades

> [the New Deal architect, A. A. Berle] argued that corporations should "serve ... all society" through legally enforceable rules

https://en.wikipedia.org/wiki/Berle%E2%80%93Dodd_debate

"profit is the only goal" is not a law of nature, it's the outcome of a specific system of laws.