3 ms·
That's a nice ideal but unfortunately it's false [0]. Corporations are legally required to operate in their shareholders interests. They have wide latitude [1]
by Veratyr 11y ago
That's a nice ideal but unfortunately it's false [0]. Corporations are legally required to operate in their shareholders interests. They have wide latitude [1] in their decision making abilities but they're still required to act in the best interests of the company and its shareholders.
[0]: https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.
[1]: https://en.wikipedia.org/wiki/Business_judgment_rule https://en.wikipedia.org/wiki/Business_judgment_rule