Steps to reproduce

• Set the content of $PROFILE.CurrentUserAllHosts (profile.ps1 under $home\Documents\PowerShell) to print $PWD (such as Write-Verbose -Message $pwd -Verbose)
• Launch PWSH or PWSH-Preview from taskbar icon
• Does NOT repro if starting PWSH or PWSH-Preview using full path

Note: The shortcut Target property is set to "C:\Program Files\PowerShell\6 (or 6-preview)\pwsh.exe" -WorkingDirectory ~

Expected behavior

• It should list user's $home as the current working directory

Actual behavior

• It produces VERBOSE: C:\WINDOWS\system32 as the output

Environment data

> $PSVersionTable
Name                           Value
----                           -----
PSVersion                      6.1.0 or 6.2.0-preview.1
PSEdition                      Core
GitCommitId                    6.1.0 or 6.2.0-preview.1
OS                             Microsoft Windows 10.0.17763
Platform                       Win32NT
PSCompatibleVersions           {1.0, 2.0, 3.0, 4.0...}
PSRemotingProtocolVersion      2.3
SerializationVersion           1.1.0.1
WSManStackVersion              3.0